WILSONVILLE, Ore. -- NTP Distribution, Inc. and Keystone Automotive Operations, Inc. today announced the closing of a definitive agreement in which NTP Distribution will be acquired by Keystone.

Under the agreement, Keystone’s current RV division will roll into NTP who will then assume the distribution of RV parts and accessories for both NTP and Keystone customers. Keystone will be the parent company, and NTP will continue to service the RV industry under the same name with the same commitment to customers and service.

Ed Orzetti, president and CEO at Keystone, will lead the combined organization. Greg Boyd will continue to be the president of NTP, reporting directly to Orzetti and serving as a member of Keystone’s senior leadership team. NTP Distribution’s senior management team will all continue in their current functions and report directly to Boyd.

“The sale is a positive outcome in our continuing efforts to seek new strategies, new regional markets and additional capital in order to better serve our customers and to stay competitive in our market,” said Boyd, who noted he looks forward to continuing to lead NTP to new opportunities and successes as a part of Keystone.

"This acquisition rapidly expands our growing customer base and our product portfolio in the RV industry," said Orzetti.

NTP will be seeking to grow its business and geographic reach, not cut back, said Boyd.

"Each of NTP’s employees has RV market expertise that will be needed to provide stability during the transition and support growth in the coming months," he explained. "Customers should also see little immediate impact in their dealings with either company. All existing contacts will remain in place until further communicated."

“We believe this transition will benefit our customers, suppliers, and the RV industry,” said Mark Jenson, vice president of sales and marketing at NTP Distribution. “The integration of Keystone and NTP will enable us to support even more efficient and effective aftermarket operations.”

About NTP Distribution, Inc.

NTP Distribution, Inc. is a national provider of aftermarket products, parts and accessories for dealers in the recreation vehicle, and hitch and tow industries. The company was founded in 1962 by Wallace J. Lewis as Northwest Trailer Parts. Today the company has 200 employees, five distribution centers across the United States. NTP’s corporate headquarters is located in Wilsonville, Ore.

For more information about NTP Distribution, visit www.ntpdistribution.com.

About Keystone Automotive Operations, Inc.

Keystone Automotive Operations, Inc. and its affiliates are wholesale distributors and retailers of aftermarket automotive accessories and equipment, with operations servicing customers in all regions of the United States and provinces of Canada, as well as various other international locations.

The company’s fleet of more than 300 trucks provide multi-day per week delivery and returns covering the 48 contiguous states and nine provinces of Canada. The company sells and distributes specialty automotive products, such as light truck/SUV accessories, car accessories and trim items, specialty wheels, tires and suspension parts, and high performance products to a fragmented base of approximately 15,000 customers. The company’s corporate headquarters is in Exeter, Pennsylvania.

For more information about Keystone Automotive Operations, Inc., visit www.keystoneautomotive.com.

SOURCE: NTP Distribution press release