Tuesday, January 15, 2013

Universal Power Group Buys Kinetik

Carrollton-based Universal Power Group, Inc., a supplier of batteries and other related power accessories, said today that it has acquired the brands, trademark, and intellectual property of Kinetik, a Toledo, Ohio supplier of power for high end car audio. Financial terms of the acquisition were not announced. Universal power Group said it acquired Kinetik from OD Distributor, LLC. The firm said the acquisition will help it expand into such markets as car audio and video, low-rider trucks, performance street vehicles and luxury applications including limousines.