BOUCHERVILLE, QUÉBEC--(Marketwired - Dec. 16, 2015) - Uni-Select Inc. (TSX:UNS), a leading distributor of automotive products in Canada and parent company of FinishMaster, Inc., a leading distributor of paint and related products in the United States, announced today that it has completed the acquisition, through one of its Canadian subsidiaries, of the remaining 50% equity interest of Colwood-Langford Auto Supply Ltd ("Colwood") and the assets of B.H. McFarlane Automotive Inc. ("B.H. McFarlane").
Colwood, a member of Uni-Select since 1994, has been a well-reputed wholesaler of automotive parts and paint products since 1970. Their team has served the market for over 45 years from 8 locations on Vancouver Island and the Gulf Islands, British Columbia. The 85 professionals who contributed to building its reputation and position in the market now join the Uni-Select family.
B.H. McFarlane, a member of Uni-Select, has been a wholesaler of automotive parts and paint products since 1982. Their team of professionals has served the market for over 30 years from 1 location in New Hamburg, Ontario. Uni-Select is glad to welcome 15 new teammates to its team.
"The additional 9 stores integrate nicely with our current and growing network of corporate stores in British Columbia and Ontario," stated Gary O'Connor, President and Chief Operating Officer, Automotive Canada.
"We continue to be highly focused on accelerating growth in Canada though our growing network of independent automotive jobbers and corporate stores," added Henry Buckley, President and Chief Executive Officer, Uni-Select Inc.
Uni-Select is a leader in the Canadian distribution of automotive products and its FinishMaster, Inc. subsidiary is a leading independent automotive paint distributor in the United States. Over 2,400 employees spread across 13 distribution centres and over 200 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 transactions on the business of Uni-Select 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.