BOUCHERVILLE, QUÉBEC--(Marketwired - Oct. 1, 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 has completed the acquisition of the remaining 50% equity interest of Pièces d'Autos La Malbaie Inc. and, through one of its subsidiaries, the assets of Pièces d'Autos AFCAR. These acquisitions expand Uni-Select's reach in Québec.
Pièces d'Autos La Malbaie Inc., a Uni-Select partner since 1995, has been a well-reputed wholesaler of automotive parts and paint products since 1969, operating from 2 stores in La Malbaie and Baie-Saint-Paul, Québec. The 16 professionals who contributed to building its reputation and position in the market now join the Uni-Select team.
Pièces d'Autos AFCAR, a Uni-Select member since 2013, has been a wholesaler of aftermarket and remanufactured automotive parts located in Gatineau, Québec. Uni-Select is glad to welcome 6 new professionals to its team.
"These acquisitions are in line with our objective to build a corporate store network in Canada and grow our business in Québec," stated Gary O'Connor, President and Chief Operating Officer, Automotive Canada.
ABOUT UNI-SELECT
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 198 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.
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 transactions on the business of Uni-Select as a whole and certain strategic benefits expected to result from the transactions. 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 Legal Officer and Corporate Secretary
450 641-6922
investorrelations@uniselect.com
www.uniselect.com