BramFact

Volume 9, Issue 2 AADCO Automotive Inc. Announces Strategic Acquisition and Alliance

Brampton based AADCO Automotive Joe” a leading supplier of Like, Kind and Quality (LKQ) used auto parts announces the signing of an agreement to acquire Coreline Auto Parts Ltd. Cordine Auto Parts Ltd. is the third largest automotive core and materials broker in Canada doing business coast to coast. The CoreJine acquisition continues AADCO’s strategy to increase revenues and to pursue high growth/high margin markets.

AADCO Automotive Inc. also announced a preferred supplier agreement with the Collision Solutions Network Inc. (CSN). The CSN consists of 24 elite collision repair shops in south/central Ontario, from Owen Sound to 5t. Cathcrines and Oshawa to London. The CSN mission is to improve and enhance the automotive repair experience through a unified member network. AADCO’s agreement with CSN is a result of a pilot project commencing February I, 2004 and will be superceded by this new agreement.