Reddi Brake Increases Its Sales, Renews Credit Line
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Reddi Brake Supply Corp., a Ventura firm that distributes auto parts to professional mechanics, reports increased November sales and the renewal of its bank credit line.
Same-store sales last month rose nearly 13% over the same period last year, the company says. And, thanks mainly to a more than threefold increase in its number of units, total sales last month increased 149%, to $3.5 million.
An aggressive expansion drive has given the company 77 stores, compared with 21 a year ago. New locations added last month are in Columbus, Ohio; Chicago; Gainesville, Fla.; Kansas City, Kan., and St. Louis.
Reddi also announced that Sumitomo Bank of California has renewed its working-capital line of credit until Oct. 31.
Reddi distributes brake systems, chassis components and other parts.
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