Boucherville (Québec), August 18, 2015 – Uni-Select Inc. (TSX:UNS), a leading distributor of automotive products in Canada and paint and related products in the United States, announced today that it completed yesterday the acquisition, through one of its subsidiaries, of the assets of C.B. Hoare Auto Parts Limited. This strengthens Uni-Select’s presence in the Maritimes and represents our first corporate stores in Atlantic Canada.
C.B. Hoare Auto Parts Limited, a long-term customer of Uni-Select, is a well respected wholesaler of automotive parts and paint products operating 3 stores in Nova Scotia for many years. These stores will be the first Uni-Select corporate stores in the Maritime Provinces. Uni-Select is glad to welcome to its team the 14 professionals who contributed to building strong relationships and to forging C.B. Hoare Auto Parts Limited’s enviable position in the market.
“We are proud to have this long time Uni-Select member continue to serve Ports Hawksbury, Antigonish and New Glasgow markets,” stated Gary O’Connor, President and Chief Operating Officer, Automotive Canada.
“This acquisition fits our strategy to support our Uni-Select customers with succession planning while building a complementary corporate store network in Canada,” 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 189 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®, Auto-Plus®, Bumper to Bumper®, Auto Select™, Uni-Pro®, SAX and Carrossier ProColor® 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.
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Louis Juneau | Chief Legal Officer and Corporate Secretary
Tel. 450 641-6922 | email@example.com