Uni-Sélect Inc.

Uni-Sélect Inc.

May 17, 2006 11:59 ET

Uni-Select Expands in North-Eastern USA

BOUCHERVILLE, QUEBEC--(CCNMatthews - May 17, 2006) - Uni-Select Inc. (TSX:UNS) announced that it has entered into an agreement to purchase, through a subsidiary, the assets of Auto Craft Automotive Products, LLC ("Auto Craft"), an automotive replacement parts, equipment, tools and accessories distributor whose head quarters are located in King Of Prussia, PA. Auto Craft operates one (1) distribution center, five (5) branch warehouses, and seven (7) stores. Auto Craft also distributes its products through its network of independent merchants and corporate store locations.

Upon conclusion of the transaction, the business will continue operations as a business unit of Automotive Group USA. With the addition of the Auto Craft locations, Automotive Group USA will operate 45 distribution centers and 173 stores throughout the United States.

Mr. Jacques Landreville, President and Chief Executive Officer of Uni-Select Inc. said, "Auto Craft is an excellent fit for our North-Eastern Division in the U.S. The business model of Auto Craft closely parallels that of our current operations in this region allowing for a seamless integration."

This business development is expected to add annual sales of US$23,600,000 to Uni-Select's Automotive Group USA.

The transaction, which is expected to close on May 31st, 2006, is subject to Board approvals and closing conditions.

Uni-Select is Canada's second largest distributor of automotive replacement parts, equipment, tools and accessories and through Uni-Select USA, Inc., the company also provides service to customers in the United States where it is the 8th largest distributor. Its subsidiary, Palmar Inc., sells replacement parts, tools and accessories for heavy-duty vehicles and wheels in Canada. The Uni-Select Network includes over 2,100 independent jobbers and services over 3,100 points of sale in Canada and the United States. Uni-Select is headquartered in Montreal. Uni-Select shares (UNS) are traded on the Toronto Stock Exchange (TSX).

Contact Information

  • Uni-Select Inc.
    Jacques Landreville
    President and Chief Executive Officer
    (450) 641-2440
    Uni-Select Inc.
    Richard G. Roy, Vice President, Administration
    and Chief Financial Officer
    (450) 641-2440