AutoZone Reaches Deal to Acquire IMC
Sept. 4, 2014—AutoZone Inc. announced this week that it has entered into a definitive agreement to purchase Interamerican Motor Corporation (IMC).
Founded in 1962, IMC operates 17 locations and is the second largest distributor of OE quality import replacement parts in the U.S.
"We are excited about the IMC team joining AutoZone. The company's leadership in import car parts coverage will be an exceptional fit with AutoZone's current product assortment," said Bill Rhodes, chairman, president and CEO of AutoZone. "As we expand the IMC brand across the United States, we believe the IMC business model will mutually benefit both our retail and commercial customers. The combined offering is expected to deliver value for our customers and stockholders."
IMC was acquired from Wulf Gaertner Autoparts AG (WGA), Germany, a producer of high quality replacement parts for the automotive aftermarket.