ALL THE FIXINGS
Fix Network has pledged support once again to the Ronald McDonald House Charities Canada (RMHC CANADA) by launching its initiative to help families with sick children during these stressful times. The initiative will run through the whole month of December to help support RMHC’s 34 programs across Canada that provide families with a home to stay that is close to their sick child who is being treated at a nearby hospital. To support RHMC, Fix Network has kickstarted donations with a $10,000 contribution and is encouraging its franchise partners and staff to support the “Season of Giving” initiative and donate generously.
FOR THE BOYDS
Gerber Collision’s parent company Boyd Group has set forth the goal of doubling its financial numbers in the next five years, following the release of its third-quarter financial results. Boyd Group is aiming to build on the success it experienced in 2019 when they managed to bring in $2.28 billion in revenue, a nearly 95 percent increase from 2015 ($1.17 billion). With nearly 90 percent of their business coming from operations in the U.S., Gerber Collision is attempting to claim their stake in the American market with this aggressive five-year growth plan.
UP AND AT ’EM
Uni-Select announced its third-quarter financial results in November, reporting significantly improved results from the previous quarter, generating positive free cash flows of $33.4 million while reporting total net debt reimbursement of $46.8 million from “effective cash management compensating the effects of the COVID-19 pandemic,” according to an online release.
Further, Uni- Select said its sales have improved sequentially in each segment month-after-month from April to September, improving from negative consolidated organic growth of 31.9 percent reported for the second quarter of 2020, to negative 12.6 percent for the current quarter. “Our third-quarter results improved significantly from the second quarter mirroring the bounce back in the market. As expected, the auto parts businesses rebounded more rapidly than the paint business, with the Canadian Automotive Group generating positive organic growth in the quarter,” said Brent Windom, president and CEO of Uni-Select.
COATINGS OF TOMORROW
Automotive, aerospace and consumer electronics coatings customers are discovering the latest colour trends and finishes with the launch of AkzoNobel’s ColorSurfaces Edition 16. This edition of ColorSurfaces is firmly planted in AkzoNobel’s Color of the Year 2021, Brave Ground. A warm, neutral shade, it gives us the courage to embrace change.
The shade is both empowering and calm, grounding and reconnecting us to the simple things in life. Four palettes – Me, Us, Time and World – have been designed around Brave Ground to show how the colour can be combined to create different effects. For example, achieving a comforting look with tone-on-tone arrangements, or a sporty expression by juxtaposing Brave Ground with contrasting bright tones.
INFLUENTIAL INVESTMENT
“AkzoNobel is doing its part in trying to make the end of 2020 a positive experience for the automotive industry. AkzoNobel has once again committed to the Women’s Industry Network (WIN) as its exclusive diamond sponsor. This sponsorship will support many of WIN’s initiatives including scholarships, the most influential women program, mentoring program, regional events, and the annual education conference.
In 1999, AkzoNobel created the most influential women award to help promote diversity and sustainability in the collision repair workforce. In 2006, WIN was established and AkzoNobel has been a top tier sponsor every year since.”
