Uni-Sélect Inc.

Uni-Sélect Inc.

January 04, 2008 14:46 ET

Uni-Select Inc. Completes the Purchase of Replacement Parts Depot

BOUCHERVILLE, QUEBEC--(Marketwire - Jan. 4, 2008) - Uni-Select Inc. (TSX:UNS) has completed the acquisition of Replacement Parts Depot Limited ("RPDL"). This development was initially announced on October 25, 2007 when the closing of the acquisition remained subject to certain conditions that have since materialized.

RPDL is an automotive replacement parts distributor that operates a warehouse in Rexdale (Greater Toronto Area) in the Province of Ontario. RPDL is owned by and serves 22 automotive parts wholesalers and retailers and a number of independent automotive related businesses that service the Ontario market. Uni-Select has entered into long-term supply agreements with the shareholders of RPDL.

The acquired business will become part of Automotive Group Canada and is expected to add annual sales of $25M.

Certain statements made in this press release contain forward-looking statements which, by their very nature, include risks and uncertainties, such that actual results could differ from those indicated in those forward-looking statements. For additional information with respect to the risks and uncertainties, refer to the Annual Report filed by Uni-Select with the Canadian securities commissions. Unless required to do so pursuant to applicable securities legislation, Uni-Select assumes no obligation as to the updating or revision of the forward-looking statements as a result of new information, future events or other changes.

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 services 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 2,000 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 TSX.

Contact Information

  • Uni-Select Inc.
    Mr. Richard G. Roy
    President and Chief Executive Officer
    Uni-Select Inc.
    Mr. Denis Mathieu
    Vice President and Chief Financial Officer