Partco: sum of the parts

Article Abstract:

Partco plans to acquire Serck Marston and this should help boost the company's profits through increasing sales. The company has large overheads so a rise in sales has a major impact on profits. There will be cost savings from shutting down warehouse space and head office. Partco and Serck products can be sold using each other's outlets. Partco will be able to service its national accounts more easily through the additional outlets. Serck Marston's management will be retained and this should help with the manufacturing side of the acquisition.

Gasoline Engine and Engine Parts Manufacturing, Auto Radiators, Automotive radiators, Partco Group Ltd., Serck Marston

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Car rivals join forces

Article Abstract:

Valeo is the biggest French automobile supplies concern, and Cerus, which holds 28% of Valeo, is reportedly considering selling this stake. Jacques calvet, chairman of PSA Peugeot Citroen, has threatened non-renewal of contracts for parts from Valeo, should it be acquired by a US competitor. Other European automobile producers, Renault and Volkwagen, could follow PSA's lead, and this would have a major impact on Valeo's sales, making an acquisition unlikely at Valeo's existing valuation.

Valeo S.A.

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Pressac ready for the big time: booming car production in the US and UK augurs well for dashboard component maker Pressac. Helped by recent acquisition McGavigan prospects for the next two years seem bright

Article Abstract:

Pressac, an automobile dashboard component maker, acquired McGavigan, a maker of horn switches and printed displays for car dashboards, in November 1994. The two companies already work together on some products and the acquistion will enable Pressac to increase its range of products and gain access to new technology. Pressac has also seen a strong improvement in its own business due to the booming car market.

Pressac Holdings PLC, McGavigans

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