Dec. 9, 2022— Federated Auto Parts, Inc. and the Aftermarket Auto Parts Alliance announced a strategic collaboration in an effort to combine activities, reduce costs and improve services for their members.
The collaboration, as announced in a press release, “provides a framework for sharing benefits and costs in a number of administrative and support areas and includes shared ownership in The Automotive Parts Services Group, a joint venture with The ProntoNetwork.”
“We are happy to partner with Federated and APSG in a number of important areas that will provide enhanced value and opportunities for all our shareholders while maintaining our unique marketing identities and focus on local markets and the needs of professional service providers. The Alliance continues to be dedicated to shareholder member success and this collaboration will support those initiatives by reducing costs and strengthening our ability to focus on customers and their needs,” said John R. Washbish, Alliance President and CEO.
"Federated is excited about the opportunity to work closer with The Alliance and share resources and ideas in areas such as data management, communications, and other important support initiatives while also working together through our APSG joint venture,” added Sue Godschalk, President of Federated Auto Parts. “We look forward to continued improvement and providing added value to our members through this collaboration.”
