STAUNTON, Virginia, September 6, 2011 - Fisher Auto Parts, founding member of Federated Auto Parts Distributors, has acquired a 259,000 sq. ft. warehouse facility, plus 80,000 sq. ft. mezzanine, in Staunton, Va. Once redeveloped, the site will serve as the new warehouse complex for Fisher Auto Parts while the company's corporate office will expand at its current location.
"Fisher Auto Parts has seen substantial growth in the past several years in excess of 20 percent annually and we continue to explore additional options to expand. This new warehouse complex gives us the ability to better serve our existing store locations as well as new store openings planned and any acquisitions that may arise," said Bo Fisher, CEO of Fisher Auto Parts.
The new Fisher Auto Parts warehouse complex will be modernized with environmentally-friendly improvements such as energy efficient lighting and material handling equipment. Operational in late 2011, the new warehouse complex will bring many employment opportunities to the local area.
As part of its plans for growth, Fisher has also received approval for expansion of its Statler Crossing facility, the current site of the Fisher Auto Parts store and the Federated Auto Parts National Distribution Warehouse, to support further Federated and Fisher growth. Fisherâ€™s move to the new warehouse complex will provide Federated with an additional 90,000 sq. ft. of warehouse space.
About Fisher Auto Parts
With approximately 370 locations, Fisher Auto Parts was recently ranked seventh in Aftermarket Businessâ€™ Top 40 Automotive Chains. Founded in 1929 by Blair Coiner, Fisher Auto Parts has over 2,500 employees in 15 states.