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Press Releases

Business Insights Firm Erroneously Reports Acquisition of CARDONE Industries

Earlier this morning, community-based business insights platform Owler incorrectly reported that CARDONE had been acquired by British firm FairFX Group, PLC. Owler’s announcement erroneously included CARDONE’s logo and links to information about the business. In reality, FairFX Group has acquired CardOne, a digital banking firm.

8/25/2017 3:00:00 PM

Business Insights Firm Erroneously Reports Acquisition of CARDONE Industries

Cardone Family Maintains 47-Year Long Ownership of Cardone Industries

Philadelphia, Pa. (August 25, 2017) – CARDONE Industries has issued a statement to correct an inaccurate acquisition announcement released by Owler on August 25. Earlier this morning, community-based business insights platform Owler incorrectly reported that CARDONE had been acquired by British firm FairFX Group, PLC. Owler’s announcement erroneously included CARDONE’s logo and links to information about the business.

In reality, FairFX Group has acquired CardOne, a digital banking firm.

“I want to assure CARDONE’s customers, partners, and employees that we have no plans to sell the CARDONE business,” said Stan Gowisnock, CEO of CARDONE Industries. “As it has for 47 years, CARDONE Industries continues to be owned by the Cardone family.”

Owler’s report and any other reports of the company’s sale are completely false, and CARDONE Industries is taking the proper legal steps to correct this error with Owler.

About CARDONE Industries

CARDONE Industries, Inc., founded in 1970, is a leading supplier of automotive replacement parts with over 5,000 employees across the USA, Canada and Mexico. In its commitment to deliver the right parts at the right time to its customers, CARDONE offers a full spectrum of products and services, including more than 90 remanufactured and new product lines. CARDONE’s business is built on environmental sustainability, where millions of used parts are remanufactured and repurposed every year — to O.E. or better performance.

Media Inquiries:

Erin Zakin                                                                    Raquel Wenger

717-652-0100 x106                                                     215-912-3742

ezakin@madewithmerit.com                                      rwenger@cardone.com