Aisin has acquired the business assets of Leon Import, an aftermarket import and sales company based in the Colon Free Trade Zone (CFTZ) in Panama.
In 2019, the two companies formed a joint venture, establishing Aisin Sales Latin America (ASLA) to consolidate their sales activities. The aim was to create an efficient organization, expand product offerings, and increase business in Central America, South America and the Caribbean. ASLA’s efforts led to the successful launch of a new distribution center, improving delivery times and customer service, which bolstered the automotive aftermarket in Latin America.
“Six years ago, we celebrated the formation of ASLA, and assembled an exceptional team of professionals who helped establish – and later achieve – some aggressive business targets in the Latin America automotive aftermarket,” said Aisin president and CEO Scott Turpin.
“These people helped grow and strengthen the AISIN brand in a market where we’ve done business for more than 25 years, though, previously, we had never quite reached our sales potential.
Current customers and distributors have been notified, ensuring no disruption to business relationships or operations. Turpin noted that the reaction to the acquisition has been very positive, with a small reception held last week to celebrate the new organization.
Image credit: Depositphotos.com
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