Uni-Select Inc. (UNS), a leading distributor of automotive products in Canada and paint and related products in the United States, announced today that it has completed the acquisition, through one of its subsidiaries, of the assets of Duncan Auto Parts Ltd. This acquisition expands Uni-Select's reach in Pacific Canada.
Duncan Auto Parts Ltd., a long-term customer of Uni-Select, has been a well-reputed wholesaler of automotive parts since 1963, operating from 2 stores in Duncan and Chemainus, British Columbia. The 34 professionals who contributed to building its reputation and position in the market now join the Uni-Select team.
"We are pleased to add this great business to our network of corporate stores and solidify our market position on Vancouver Island," stated Gary O'Connor, President and Chief Operating Officer, Automotive Canada.
"Duncan Auto Parts has a great team, delivering exceptional customer service and we are pleased to welcome them to the Uni-Select family," added Henry Buckley, President and Chief Executive Officer, Uni-Select Inc.
Leader in the Canadian distribution of automotive products, Uni-Select is also a leading independent automotive paint distributor in the United States with FinishMaster. Over 2,400 employees spread across 13 distribution centres and over 193 corporate stores are dedicated to offering advanced solutions and first-rate service to customers in order for them to benefit from a positively superior experience. Uni-Select's strong network and proficient programs contribute to the success of countless auto service shops and collision centres as well as more than 1,155 independent wholesalers in North America. Its Canadian banner programs made up of Auto Parts Plus(R), Auto-Plus(R), Bumper to Bumper(R), Auto Select(R), Uni-Pro(R), SAX and Carrossier ProColor(R) regroup over 3,900 shops and stores. Uni-Select is headquartered in Boucherville and its shares are traded on the Toronto Stock Exchange (TSX) under the symbol UNS.
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.
Chief Legal Officer and Corporate Secretary