Universal Power Group, Inc. (UPG) Announces Agreement to Acquire Kinetik Brand
Universal Power Group, a Texas-based distributor and supplier of batteries and related power accessories, yesterday announced that the company has entered into an agreement to acquire the brands, trademarks, and intellectual property of Kinetik, an industry leader in power for high-end car audio applications based in Toledo, Ohio, from OD Distributor, LLC. Kinetik, well known as a pioneer in the 12-volt electronics market, has become one of the most sought-out brands amongst consumers and professionals. The company is currently the market leader for aftermarket power installations in applications such as car audio and video, low-rider trucks, performance street vehicles, and…