BOUCHERVILLE, QUÉBEC--(Marketwired - Sept. 15, 2017) - Uni-Select Inc. ("Uni-Select") (TSX:UNS), announced today that The Parts Alliance, one of its subsidiaries, has completed the acquisition of the entire share capital of Blackburn Brakes Holding Limited owners of BBC Superfactors Ltd. ("BBC"), a leading distributor of vehicle parts in the UK's Lancashire market.
In business for over 30 years and an affiliated member of The Parts Alliance, BBC provides quality automotive products and excellent service through a network of 7 locations across the Lancashire area. Over 150 of BBC professionals ensure that more than 1,000 deliveries per day are made to commercial customers with approximately 97% of orders delivered within one hour.
"Since joining The Parts Alliance in December 2012, BBC have posted consistent double-digit annual sales growth and have invested to achieve industry-leading service levels. We are very pleased to welcome our BBC colleagues in the team," stated Peter Sephton, President and CEO, European Automotive Group.
"This acquisition strengthens our position in the UK market and underlines The Part Alliance's capability of driving growth both organically and through acquisitions," added Henry Buckley, President and Chief Executive Officer of Uni-Select.
ABOUT UNI-SELECT
Uni-Select is a leader in the distribution of automotive refinish and industrial paint and related products in North America, as well as a leader in the automotive aftermarket parts business in Canada and in the UK. Uni-Select is headquartered in Boucherville, Québec, Canada, and its shares are traded on the Toronto Stock Exchange (TSX) under the symbol UNS.
In the UK and Ireland, Uni-Select, through its wholly-owned subsidiary The Parts Alliance, is a leading distributor of automotive parts supporting over 23,000 customer accounts with a network of close to 200 locations including 161 corporate stores.
FORWARD-LOOKING INFORMATION
The information provided in this press release may include some forward-looking information, which could include certain risks and uncertainties, which may cause the final results to be significantly different from those listed or implied within this news release. Such risks and uncertainties may include, for example, the impact of the transaction on the business of Uni-Select as a whole and certain strategic benefits expected to result from the transaction. For additional information with respect to risks and uncertainties, refer to the Annual Report filed by Uni-Select with the Canadian securities commissions. The forward-looking information contained herein is made as of the date of this press release, and Uni-Select does not undertake to publicly update such forward-looking information to reflect new information, subsequent or otherwise, unless required by applicable securities laws.
Contact Information:
Chief Financial Officer
450 641-6958
investorrelations@uniselect.com