Uni-Select Inc.

Uni-Select Inc.

October 27, 2011 15:30 ET

Uni-Select Completes Its Acquisition in Florida

BOUCHERVILLE, QUEBEC--(Marketwire - Oct. 27, 2011) - Uni-Select (TSX:UNS) is pleased to announce it has completed the acquisition of the assets of Parts Depot located in the state of Florida; this development adds to the Uni-Select Network™ 39 points of sale operated under the Auto-Plus™ banner and 5 distribution centers. The new business is expected to generate annual sales of US$87M. This acquisition was initially announced on September 25 last.

« Our FinishMaster paint business already operates 27 locations in Florida and the additional points of sale and distribution centers will enhance our presence, allow for improved sales between our automotive hard parts and paint businesses and provide better coverage to serve national accounts. » offered Richard G. Roy, President and Chief Executive Officer of Uni-Select Inc. « I thank all Uni-Select personnel involved in this acquisition and welcome the 450 former employees of Parts Depot that are joining Uni-Select. ».

About Uni-Select Inc.

Founded in 1968, Uni-Select™ is a Canadian leader in the distribution of automotive replacement parts, equipment, tools and accessories. Uni-Select USA, Inc., a subsidiary of Uni-Select, offers the same products and services to its customers in the United States, where it is the 6th largest distributor; in addition, Uni-Select is, in this market, the premier independent distributor of coatings, body and equipment products to the collision repair industry. The Uni-Select network includes over 2,500 independent jobbers and services more than 3,500 points of sale in North America. Uni-Select is headquartered in Montreal. Uni-Select shares (UNS) are traded on the TSX.

The information provided in this press release includes some forward-looking information which includes certain risks and uncertainties, which may cause the final results to be significantly different from those listed or implied within this news release. 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

  • Source: UNI-SELECT INC.
    (450) 641-6903

    Mr. Richard G. Roy
    President and Chief Executive Officer

    Mr. Denis Mathieu
    Vice President and Chief Financial Officer