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Holley Acquires SXTH Element to Expand Product Line

Holley announced it has acquired SXTH Element, a Spartanburg, S.C.-based maker of engineered forced-induction and airflow upgrades focused on late-model Toyota platforms. The terms of the transaction were not disclosed. SXTH Element joins Holley's Modern Truck & Off-Road consumer vertical, expanding Holley's reach into new product categories and vehicle platforms. SXTH Element's product line spans cold-air intakes, intercoolers, charge pipes, turbo inlets and catch cans, with a strong track record of bringing products to market within months of new Toyota model launches. The founding team will continue to lead the business, and the transaction is structured to incentivize continued growth following the acquisition.

Holley Performance and Amotiv Announce Strategic Collaboration

Holley Performance Brands (HLLY) and Amotiv Limited (GUDHF) announced a strategic collaboration designed to expand the reach of each company's brands across North America, Australia and New Zealand. The collaboration pairs Holley's iconic enthusiast brands and established North American customer channels with Amotiv's portfolio of automotive aftermarket brands and its product and technical capabilities. As a first step, the companies plan to introduce Flowmaster Engineered by Ryco Performance Oil Filters, a line of high-performance oil filters for North America using Ryco's race-inspired, award-winning SynTec technology. The line is branded under Flowmaster, one of the most recognized names in performance, and engineered by Ryco, Amotiv's filtration technology brand, which is market-leading in Australia. It marks Flowmaster's entry into filtration, giving the brand a new reason to stay part of every enthusiast's build. "Over the past year, we've built a strong working relationship with Amotiv's leadership team and developed real respect for the engineering depth and operational discipline across their business," said Matthew Stevenson, President and Chief Executive Officer of Holley Performance Brands. "We share a commitment to the enthusiasts who rely on our brands, and we're excited to build on that foundation as we grow together."

Holley Q2 Revenue at $172.01M, Below Consensus

Reports Q2 revenue $172.01M, consensus $172.63M. "Our second quarter results reflect positive core growth and continued execution against the strategic priorities we outlined earlier this year, with three of our four business segments delivering year-over-year core growth," said Matthew Stevenson, President and Chief Executive Officer of Holley.