Motorcar Parts of America Acquires Suncoast Automotive Products Business

Motorcar Parts of America (MPA) has completed its acquisition of certain assets of Suncoast Automotive Products, a privately held company based in Pompano Beach, Fla. MPA acquired Suncoast's new and remanufactured alternators and starters operation. Separately, the company said its credit facility with Union Bank of California, N.A. has been increased from $35 million to $40 million. The company indicated that the credit facility is available for future acquisitions, greenfields, working capital and general corporate purposes.

LOS ANGELES — Motorcar Parts of America (MPA) has completed its acquisition of certain assets of Suncoast Automotive Products, a privately held company based in Pompano Beach, Fla. MPA acquired Suncoast’s new and remanufactured alternators and starters operation. Terms were not disclosed.

"This transaction continues our acquisition strategy and enhances the company’s market share in North America through Suncoast’s existing business relationships in the professional installer segment,” said Selwyn Joffe, chairman, president and chief executive officer of Motorcar Parts of America. “On an annualized basis, we anticipate additional net sales of at least $4 million. We look forward to building new relationships and further growth opportunities in these markets."

Separately, the company said its credit facility with Union Bank of California, N.A. has been increased from $35 million to $40 million. The company indicated that the credit facility is available for future acquisitions, greenfields, working capital and general corporate purposes. The facility is scheduled to expire on Oct. 1.

For more information about Motorcar Parts of America, visit: www.motorcarparts.com.