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RPM Automotive Group enlarges auto aftermarket stable on completing three acquisitions
The acquisitions are already displaying revenue synergies by applying RPM’s expertise, contracts and sales network thereby providing the scale required to achieve purchasing advantage. RPM owns brands such as RPM Racewear, Carline, Genie, Air Anywhere, Formula Off-Road and RPM Autoparts.
RPM Automotive Group Ltd (ASX:RPM) has completed the acquisitions of Citic Autoparts, Elite Tyre Group and Super Tyre mart.
The new acquirees are now trading as RPM Automotive Group subsidiaries as of July 1 2021, with funding for the three acquisitions derived from internal cash resources.
Adds to RPM’s earnings per share