Auto Parts

Motorcar Parts of America Inc, which makes vehicle alternators and starters, said that it bought some assets of Reliance Automotive Inc, a privately held company that rebuilds those same parts.

Terms of the purchase from Reliance Automotive Inc were not disclosed.

Mr Selwyn Joffe chairman, president & CEO of Motorcar Parts said that the purchase will add to Motorcar Parts' revenue and give the company a major automotive retail customer.

(Sourced from www.miamiherald.com)

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