BNET Industries

Market Cap:$59.1M
Last Fiscal Year Sales:$136.4M
  • Public
  • US
Dow Jones Description

We remanufacture alternators and starters for imported and domestic cars and light trucks in addition to heavy duty, agricultural and industrial applications and distribute them predominantly throughout the United States and Canada. Our business for heavy duty, agricultural and industrial applications is in its early stages and does not represent a significant portion of our business. Our line of light duty alternators and starters are sold to most of the largest auto parts retail chains in the United States and Canada, including AutoZone, Pep Boys, and OReilly Automotive (including CSK Automotive) and various traditional warehouses for the professional installers. We believe auto parts retail chains in total, currently account for approximately 35% of the North American after-market for remanufactured alternators and starters. We believe that demand for after-market remanufactured alternators and starters is in part driven by the number of vehicle miles driven and the age of vehicles. According to industry statistics, the average age of vehicles on the road in North America is increasing, while miles driven in North America decreased each month from January 2008 through March 2009. We believe this is primarily the result of the slowdown in the U.S. economy during this period. Historically, our business has focused on the do-it-yourself (DIY) market, customers who buy remanufactured alternators and starters at an auto parts store and install the parts themselves. ...

President, Mpa Asia Subsidiary
Vincent Quek
Number of Employees 1,735
Contact Information

2929 California St

Torrance, California 90503-3914

motorcarparts.c...

(310) 212-7910

NAICS Code Other Motor Vehicle Electrical and Electronic Equipment Manufacturing: 336322

Recent Events

  • Boris Johnson to become first Tory police chief

    11/27/09 - Mgmt. Change Entering - Other - View Story

  • Motorcar Parts Q2 Profit Rises - Quick Facts

    11/04/09 - Financial Announcement - View Story

  • MPA Names New Head of Traditional Sales

    10/31/09 - Mgmt. Change Entering - Vice President - View Story

  • Motorcar Parts buys assets of Reliance Automotive

    8/19/09 - Merger / Acquisition - View Story

  • MPAA: CEO Discusses Q1 Results and Positive Outlook for Growth

    8/11/09 - Bond / Stock Rating - View Story

News & Analysis

motorcar parts of america inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Vincent Quek President, Mpa Asia Subsidiary
Charles W. Yeagley CFO, Vice President & Secretary
Mervyn McCulloch Cfo
Bill Laughlin Vice President, Traditional Aftermarket Sales
Doug Schooner Vice President, Global Manufacturing Operations
Joe Terlikosky Vice President, Purchasing
John Foster Vice President, Marketing
Michael Umansky General Counsel, Secretary & Vice President
Steven Kratz Vice President, Engineering
Tom Stricker Vice President, Sales
Regina Gov Director, IT
Mel Marks Consultant

Board of Directors

Name (plus bio) Position
Irv Siegel Board of Directors
Philip Gay Board of Directors
Rudolph J. Borneo Board of Directors
Scott Adelson Board of Directors

Organization Position Status
Motorcar Parts & Accessories, Inc. President, Mpa Asia Subsidiary Current

Organization Position Status
Motorcar Parts & Accessories, Inc. CFO, Vice President & Secretary Current

Organization Position Status
Motorcar Parts & Accessories, Inc. Cfo Current
Motorcar Parts & Accessories, Inc. Board of Directors Current
Deloitte Touche Tohmatsu partner Former

Organization Position Status
Motorcar Parts & Accessories, Inc. Vice President, Traditional Aftermarket Sales Current
Tenneco Automotive, Inc. Former

Organization Position Status
Motorcar Parts & Accessories, Inc. Vice President, Global Manufacturing Operations Current

Organization Position Status
Motorcar Parts & Accessories, Inc. Vice President, Purchasing Current

Organization Position Status
Motorcar Parts & Accessories, Inc. Vice President, Marketing Current

Organization Position Status
Motorcar Parts & Accessories, Inc. General Counsel, Secretary & Vice President Current
Stroock & Stroock & Lavan LLP partner Former
University of Pennsylvania Former

Organization Position Status
Motorcar Parts & Accessories, Inc. Vice President, Engineering Current

Organization Position Status
Motorcar Parts & Accessories, Inc. Vice President, Sales Current

Organization Position Status
Motorcar Parts & Accessories, Inc. Director, IT Current

Organization Position Status
Motorcar Parts & Accessories, Inc. Consultant Current
Motorcar Parts & Accessories, Inc. Board of Directors Current

Organization Position Status
Motorcar Parts & Accessories, Inc. Board of Directors Current

Organization Position Status
Motorcar Parts & Accessories, Inc. Board of Directors Current

Rudolph Borneo joined our Board of Directors on November 20, 2004. Mr. Borneo is currently Vice Chairman and Director of Stores, Macy s West, a division of Macy s, Inc. Mr. Borneo served as President of Macy s California from 1989 to 1992 and President of Macy s West from 1992 until his appointment as Vice Chairman and Director of Stores. In addition, Mr. Borneo is currently on the Board of Directors of Grill Concepts, Inc. and a member of the Board of Trustees of Monmouth University. Mr. Borneo is a member of our Audit, Compensation, Ethics and Nominating and Corporate Governance Committees.

Organization Position Status
Grill Concepts, Inc. Board of Directors Current
Ethics Board of Directors Current
Motorcar Parts & Accessories, Inc. Board of Directors Current

Scott J. Adelson has been a Director of QAD since April 2006. Mr. Adelson is a Senior Managing Director at Houlihan Lokey Howard & Zukin, a leading international investment bank. During his 18 years with the firm, Mr. Adelson has helped advise hundreds of companies on a diverse and in-depth variety of corporate finance issues, including mergers and acquisitions. Mr. Adelson has written extensively on a number of corporate finance and securities valuation subjects and is a frequent commentator on CNBC, CNN and in various business publications. He is an active board member of various middle market businesses as well as several recognized non-profit organizations such as the USC Entrepreneur Program. Mr. Adelson holds a bachelor degree from the University of Southern California and a master of business administration degree from the University of Chicago, Graduate School of Business.

Organization Position Status
Houlihan Lokey Howard & Zukin Senior Managing Director Current
Semester At Sea Board of Directors Current
Motorcar Parts & Accessories, Inc. Board of Directors Current
Callaway Golf Company Former
Lockheed Martin Corporation Former
Southern California University Former
QUALCOMM Incorporated Former
University of Chicago Graduate School of Business Master of Business Administration Degree Former
University of Chicago M.B.A. Former

Executive News

  • Leland Brake and Wheel Shakes Up Management Team

    Trucking Info - 6/23/09 - View Story

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     MPAA $4.93 +0.01 (0.20% )
Average Volume 33,596
Shares Outstanding 12.00M
Market Cap 59.1M
Year High 5.51
Year Low 3.05
Earnings Per Share 0.25
P/E Ratio 19.72
Dividend N/A
Yield N/A
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