Alan D. Feldman, Midas' chairman and chief executive officer, said the acquisition of SpeeDee was accretive to Midas results in the second quarter, as SpeeDee provided $0.6 million of operating contribution and the interest cost on the related debt was only $0.2 million.
The company has begun the initial co-branding effort of adding Midas signage and services to three SpeeDee shops in central California. Shops in Hollister, Gilroy and Watsonville have added equipment and inventories in order to be able to offer the full breadth of Midas services. Midas exterior signage and interior point-of-purchase displays are also being added to showcase the new co-branded format.
Although the Hollister Free Lance does not have any obligation to monitor this board, the Hollister Free Lance reserves the right at all times to check this board and to remove any information or materials that are unlawful, threatening, abusive, libelous, defamatory, obscene, vulgar, pornographic, profane, indecent or otherwise objectionable to the Hollister Free Lance in our sole discretion and to disclose any information necessary to satisfy the law, regulation, or government request. The Hollister Free Lance also reserves the right to permanently block any user who violates these terms and conditions. All threats to systems or site infrastructure shall be assumed genuine in nature and will be reported to the appropriate law enforcement authorities. Submission of any comments will be considered permission to use online or in print.
Highlights of Friday's game against Alisal now available
