LOS ANGELES–(BUSINESS WIRE)–Motorcar Parts of America, Inc. (Nasdaq:MPAA) today announced it received Parts Authority’s 2019 Most Valuable Partner (MVP) award at the automotive aftermarket distributor’s AAPEX reception recently held in Las Vegas.
“Superior product management and customer service are fundamental commitments throughout our company. We are gratified to be recognized as a valued supplier and receive this prestigious award. It is a tribute to each Motorcar Parts of America (MPA) team member, and we look forward to continued mutual success,” said Selwyn Joffe, chairman, president and chief executive officer.
“Our MVP award, which recognizes MPA’s outstanding performance, is not one we take lightly. In order to win this award, a vendor has to really stand out on many fronts. MPA’s award reflects its dedication to training, technology, product quality, excellent fieldwork, shipping and the company’s overall positive attitude,” said Randy Buller, chief executive officer of Parts Authority.
About Parts Authority
Parts Authority, founded in 1972, is one of the largest distributors of automotive and truck parts in the automotive aftermarket. They serve commercial customers – – installers, dealerships, fleets and national accounts – – as well as e-commerce customers. Headquartered in Lake Success, NY, Parts Authority has more than 200 locations in New York, New Jersey, Pennsylvania, Maryland, Washington, D.C., Virginia, Ohio, Georgia, Florida, Texas, Arizona, California, Oregon and Washington. With a catalog of over 3 million parts covering more than 125 million applications, Parts Authority carries the most reputable brands in the business and has a team of experienced professionals to help customers find the right parts. Led by President and CEO Randy Buller and his seasoned management team, Parts Authority has acquired more than a dozen companies in the past several years in its geographical expansion initiative. For more information, visit www.partsauthority.com.
About Motorcar Parts of America, Inc.
Motorcar Parts of America, Inc. is a remanufacturer, manufacturer and distributor of automotive aftermarket parts — including alternators, starters, wheel bearing and hub assemblies, brake calipers, brake master cylinders, brake power boosters, rotors, brake pads and turbochargers utilized in imported and domestic passenger vehicles, light trucks and heavy-duty applications. In addition, the company designs and manufactures test solutions for performance, endurance and production testing of electric motors, inverters, alternators, starters, and belt starter generators for the OE, aerospace and aftermarket. Motorcar Parts of America’s products are sold to automotive retail outlets and the professional repair market throughout the United States and Canada, with facilities located in New York, California, Mexico, Malaysia, China and India, and administrative offices located in California, Tennessee, Mexico, Singapore, Malaysia and Canada. Additional information is available at www.motorcarparts.com.
The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for certain forward-looking statements. The statements contained in this press release that are not historical facts are forward-looking statements based on the company’s current expectations and beliefs concerning future developments and their potential effects on the company. These forward-looking statements involve significant risks and uncertainties (some of which are beyond the control of the company) and are subject to change based upon various factors. Reference is also made to the Risk Factors set forth in the company’s Form 10-K Annual Report filed with the Securities and Exchange Commission (SEC) in June 2019 and in its Forms 10-Q filed with the SEC for additional risks and uncertainties facing the company. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as the result of new information, future events or otherwise.
Gary S. Maier