Klarius Group Ltd

Klarius Group Ltd

April 18, 2011 10:23 ET

Klarius Group Has Ambitious Plans for Further Growth

MANCHESTER, UNITED KINGDOM--(Marketwire - April 18, 2011) -

Editors Note: There is a photo associated with this press release.

The Klarius Group has announced the planned opening of 16 new depots across Europe and confirmed that expansion plans include further acquisitions in the EU and CEE regions.

The Klarius Group has established its position over the last four years as the fastest growing automotive aftermarket manufacturing and distribution business in the world.

It has now set-out the next phase of its strategic expansion plan which includes increased distribution capacity and acquisitions throughout Western and Central Eastern Europe.

Klarius has made significant headway in the market after applying its universal 'lean' philosophy to reduce customer stock requirements by increasing the frequency of deliveries, while at the same time increasing its range, now offering close to 100% availability.

A year-on from its last major purchase, Quinton Hazell, the next step is to expand and strengthen the group's offering. Klarius has slated up to 16 new depots and major distribution centres in order to deliver on its now unrivalled portfolio of over 100,000 automotive aftermarket replacement components.

Group Chairman Tony Wilson confirmed the board is in discussions to open new distribution centres in Portugal, Spain, Moscow and Istanbul among others.

"The Group is in negotiation with several interested parties who wish to partner Klarius in expanding the group's automotive component offering. Following a positive sales uplift through organic sales growth and improved management and increased manufacturing efficiency we are now in a strong position to make further acquisitions."

"We are particularly interested in developing a greater presence in some of the markets where our market share has opportunity for growth, and in plugging the few remaining gaps in the overall product portfolio."

The Klarius Group is the only automotive aftermarket parts manufacturer able to offer such a comprehensive range of parts; supplying a part every second, 24hrs a day, every day.

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