Alliance Automotive to acquire Recambios Colón.

Alliance Automotive, a distributor of automotive and truck parts, tools and equipment, agreed to acquire Recambios Colón, a distributor of automotive spare parts. Financial terms were not disclosed. "For a family-owned company like Recambios Colón, it is a true pleasure to become part of AAG Iberia and to be in a stronger position in our region to grow our business and be prepared for future challenges. All our colleagues, customers, and suppliers see this step as a strategic move to become the undisputed leader in our region by combining all the resources of Colón and AAG in the Levante region," Juan Tamarit, Recambios Colón CEO.