Uni-Select Inc.
TSX : UNS

Uni-Select Inc.

December 08, 2015 07:32 ET

Uni-Select Enters Into Agreement to Acquire Refinish Solutions

BOUCHERVILLE, QUEBEC--(Marketwired - Dec. 8, 2015) - Uni-Select Inc. (TSX:UNS), a leading distributor of automotive products in Canada and parent of FinishMaster, Inc., a leading distributor of paint and related products in the United States, announced today that FinishMaster, Inc. has entered into an agreement to purchase substantially all of the assets of Aquia Auto Parts, Inc., doing business under the name Refinish Solutions ("Refinish Solutions"). This transaction, the consummation of which is subject to customary closing conditions and expected to close within 30 days, will expand FinishMaster's footprint in the Virginia and Washington D.C. metropolitan areas.

Founded in 1978, Refinish Solutions has grown consistently by helping customers improve their profitability. Operating from two locations, in Stafford and Springfield, the team has developed long-standing customer relationships through education, innovation, and teamwork, with a keen emphasis on technical expertise and training. FinishMaster currently operates 5 locations in Virginia.

"The Refinish Solutions team shares our core values, empowering their employees and customers to pursue growth and learning. Their commitment to work as a team matches our commitment to continually earn our customers' loyalty through exceptional service provided by dedicated employees who are rewarded for their personal and professional contributions," stated Steve Arndt, President and Chief Operating Officer, FinishMaster.

"The combination of our two companies will help us build density in this key metropolitan area. Refinish Solutions shares our promise to provide unmatched service to our customers," added Henry Buckley, President and Chief Executive Officer of Uni-Select.

ABOUT FINISHMASTER AND UNI-SELECT

FinishMaster, a subsidiary of Uni‐Select, is the leading national independent distributor of automotive paints, coatings and related accessories in the United States. FinishMaster operates three major distribution centres with 172 branches and more than 1,500 teammates in 29 states.

Uni-Select is a leader in the Canadian distribution of automotive products. Over 2,400 employees spread across 13 distribution centres and over 200 corporate stores are dedicated to offering advanced solutions and first-rate service to customers in order for them to benefit from a positively superior experience. Uni-Select's strong network and proficient programs contribute to the success of countless auto service shops and collision centres as well as more than 1,155 independent wholesalers in North America. Its Canadian banner programs made up of Auto Parts Plus®, Auto-Plus®, Bumper to Bumper®, Auto Select®, Uni-Pro®, SAX and Carrossier ProColor® regroup over 3,900 shops and stores. Uni-Select is headquartered in Boucherville and its shares are traded on the Toronto Stock Exchange (TSX) under the symbol UNS.

FORWARD-LOOKING INFORMATION

The information provided in this press release may include some forward-looking information, which could include certain risks and uncertainties, which may cause the final results to be significantly different from those listed or implied within this news release. Such risks and uncertainties may include, for example, the impact of the transaction on the business of Uni-Select as a whole and certain strategic benefits expected to result from the transaction. 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.

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