SCORE Journal - The Official Publication of SCORE Off-Road Racing
Issue link: https://read.uberflip.com/i/740244
SCORE NEWS 38 RACERS IN THE STANDING TO RECEIVE THE 2016 RED KAP SCORE MILESTONE AWARD The Red Kap SCORE Milestone awards are presented to the car, truck, UTV drivers, motorcycle, and quad riders who finish every required mile in the 2016 SCORE World Desert Championship. This year, there are 38 racers who are in contention for receiving the award, if they can complete the 49th SCORE Baja 1000 race in its entirety. "SCORE is privileged to honor the world's best desert racing drivers and riders," said Roger Norman, SCORE CEO/President. "For over three decades, SCORE has been very humbled to honor racers with the SCORE Milestone Awards, now presented by Red Kap. SCORE racers are the toughest, most rugged racers on the planet. We are also extremely grateful that Red Kap continues our vision for this most prestigious award that has become iconic in our sport." The final award recipients will be determined after the SCORE Baja 1000 and will be presented with the Red Kap Milestone Award at the SCORE Awards Ceremony in December. POLARIS ANNOUNCES AGREEMENT TO ACQUIRE TRANSAMERICAN AUTO PARTS Polaris Industries Inc. announced that is has entered into an agreement to acquire Transamerican Auto Parts Company "TAP". TAP is more widely known as the off- road retail giant 4Wheel Parts Stores, but it is a privately held, vertically integrated manufacturer, distributor, retailer and installer of off-road Jeep and truck accessories. According to Polaris, TAP is a leader in the growing $10+ billion Jeep and truck accessory market, and includes sales and installation of an extensive line of accessories. "Over the past 55 years, our employees have built a company that prides itself on serving our customers with quality products at competitive prices," said Greg Adler, TAP's President and Chief Executive Officer. "We see tremendous opportunity for further growth as we become an integral part of the Polaris organization. Combining TAP with Polaris' aftermarket brand portfolio facilitates significant synergies, while Polaris' financial resources provide the backing we need to pursue a variety of growth prospects we have identified across the organization." "We are excited to add TAP's market leading multi-channel business, proprietary brands, proven management team and experienced employees to the Polaris portfolio," said Polaris Chairman and Chief Executive Officer Scott W. Wine. "This transaction is consistent with our long term strategy, provides us an immediate leadership position in a growing market, and allows us to accelerate Polaris' growth and profitability. According to Polaris the transaction is still subject to regulatory approval and other customary closing conditions, but is expected to close by year- end 2016. Following the closing of the transaction, TAP will operate as a distinct business unit reporting to Steve Eastman, Polaris' PG&A President. Polaris expects to fund the acquisition with borrowings under existing credit facilities. 06 SCORE JOURNAL

