BOUCHERVILLE , Jan. 31 /CNW Telbec/ - Spectra Premium Industries Inc.
(TSX: SPD.sv), a North American leader in the manufacture of automobile,
light-truck and heavy-duty truck aftermarket parts and manufacturer of
high-pressure die cast magnesium alloy parts and steel fuel tanks in the
Original Equipment Manufacturer ("OEM") market, is pleased to announce the
award of a radiator and heater core supply agreement with Pep Boys
(NYSE: PBY).
"This award fulfills one of the primary objectives we had for the year,
which was to sign a first supply agreement on radiators with a leading U.S.
parts store chain. We are very pleased to expand our customer base with the
addition of Pep Boys, the U.S leading full-service automotive aftermarket
retail and service chain", declared Mr. Jacques Mombleau, CA, President and
Chief Executive Officer of Spectra Premium.
"We continue to attract new aftermarket customers through the strength of
our brands, the quality of our parts and service and the depth of our product
coverage", declared Mr. Jason Best, Vice-President, Sales and Marketing,
Aftermarket, North America of Spectra Premium. "In 2006, we will be releasing
in production 80 new aluminum radiator applications, which will bring Spectra
one step closer to its objective of becoming the most important North American
manufacturer of aluminum radiators", added Mr. Jason Best.
About Pep Boys
Pep Boys has 593 stores and more than 6,000 service bays in 36 states and
Puerto Rico. Along with its vehicle repair and maintenance capabilities, the
company also serves the commercial auto parts delivery market and is one of
the leading sellers of replacement tires in the United States. Customers can
find the nearest location by calling 1-800-PEP-BOYS or by visiting
pepboys.com.
PROFILE
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Spectra Premium is the world leader in the manufacture of steel fuel
tanks and related components for the automobile and light-truck aftermarkets.
The Corporation ranks first in Canada and is a North American leader in the
aftermarket for automotive and industrial radiators, radiator components and
new and reconditioned oil pans. It also maintains a presence in such markets
as sending units, fuel pumps, body panels, condensers, compressors, complete
heater cores and other air-conditioning parts. Over the past years, the
Corporation expanded its activities in the OEM market by concluding agreements
to supply steel fuel tanks and aluminum radiators and in addition, to supply
radiators for industrial applications and heavy equipment. The Corporation has
increased its presence in the OEM segment, following the recent acquisition of
Trimag, one the most important North American manufacturers of high-pressure
die cast magnesium alloy parts. It currently employs approximately 1,550
people in its nine (9) plants and 52 distribution centers, which are located
throughout Canada, the United States and Europe. Its shares are traded on the
Toronto Stock Exchange (ticker symbol: SPD.sv).
PROSPECTIVE FINANCIAL INFORMATION
This press release contains implicit or explicit forecasts, as well as
forward-looking statements on the objectives, strategies, financial
position, operating results and activities of Spectra Premium. These
statements are forward-looking to the extent that they are based on
expectations relative to markets in which the Corporation exercises its
activities and on various assessments and assumptions. These expectations
seemed reasonable to us at the time when this press released was
diffused. Our actual results could however differ significantly from
management's expectations if recognized or unrecognized risks affect our
results or if our assessments or assumptions are inaccurate. That is why
we cannot guarantee the realization of these forward- looking statements.
You will find in the annual report on page 26 a non exhaustive
presentation of risks which could result in an important variance between
our actual results and our actual expectations, which can be consulted on
the following websites: http://www.sedar.com and
http://www.spectrapremium.com/.
