STAUNTON, Virginia, April 2, 2012 - Fisher Auto Parts, headquartered in Staunton, Va., has acquired the 13 Ridge & Kramer stores plus its warehouse headquartered in Benton Harbor, Michigan. The announcement came today during a joint statement by Chris Neuser, CEO of Ridge & Kramer and Bo Fisher, CEO of Fisher Auto Parts.
"This acquisition is a great opportunity to secure our position in the marketplace with incredible inventory availability and expanded resources, while at the same time partnering with a company who shares our tradition of providing outstanding service to our customers," said Neuser. "In addition, it will provide security and growth opportunities for our employees, many of whom have been with our company for generations. Fisher is a highly respected organization with a strong history and a tremendous growth record that will adeptly position our stores for continued success in the future."
Ridge & Kramer Auto Parts was founded in 1934 by Reinhold Neuser and carried on by Donald Neuser, Chris Neuser's father.
"We are excited about partnering with the Ridge & Kramer organization," remarked Fisher. "We believe that opportunities exist to enhance availability based on the proximity of our regional warehouses and other store locations, to continue the strong Federated marketing programs, and to focus on many other areas where we can leverage our collective resources. We share the same core values and philosophies that have served their organization for 78 years and look forward to leveraging the best of both organizations for the benefit of our customers."
About Fisher Auto Parts
Fisher Auto Parts continues a strong and steady growth strategy through a combination of same store sales and mergers and acquisitions, ranking seventh in Aftermarket Business' most recent ranking of Top Automotive Chains. Founded in 1929 by Blair Coiner, Bo Fisher's grandfather, Fisher Auto Parts has over 3,300 employees in 18 states with approximately 400 company owned locations plus significant independent jobber business. The company recently completed a major expansion of their distribution capabilities in Staunton, Va. increasing total space to over 750,000 sq.ft. to support future growth plans.
For more information, visit www.fisherautoparts.com.