Uni-Sélect Inc.

Uni-Sélect Inc.

November 02, 2006 17:26 ET

Uni-Select Continues Expansion in North-Eastern USA

BOUCHERVILLE, QUEBEC--(CCNMatthews - Nov. 2, 2006) - Uni-Select Inc. (TSX:UNS) announced that it has purchased, through a subsidiary, the assets of Asher Management Group and of Gator that operated under, among others, the business names Tier Parts, Parts Plus and Hallstead Auto Parts ("Tier Parts"). The acquired business has its headquarters in Binghamton, NY. Tier Parts is a member of the Automotive Distribution Network (formerly Parts Plus) and operates one (1) automotive replacement parts distribution center and sixteen (16) stores.

The business will continue operations as a unit of Automotive Group USA, Northeast Region. This transaction coupled with the May 2006 acquisition of Auto Craft Automotive Products and the August 2006 acquisition of Markauto Parts, results in the addition of two distribution centers, five branch distribution centers and twenty-eight stores to the Northeast Region in 2006.

Mr. Jacques Landreville, President and Chief Executive Officer of Uni-Select Inc. said, "Tier Parts has been a long-time partner to Uni-Select as a fellow Parts Plus distributor. We look forward to building on this legacy as we welcome the customers and employees of Tier Parts into the Uni-Select family of companies".

This business development is expected to add annual sales of US$15,700,000 to Uni-Select's Automotive Group USA.

In 3 unrelated transactions that were completed in the fall, Uni-Select added 4 automotive stores to its network in the Dallas, Texas region and 2 in the Indianapolis, Indiana region.

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

  • Source: UNI-SELECT INC.
    Contacts: Jacques Landreville
    President and Chief Executive Officer
    Richard G. Roy
    Vice President, Administration and Chief Financial Officer