Uni-Select Inc.

Uni-Select Inc.

September 19, 2011 06:30 ET

Uni-Select Expands Its Business in Florida

BOUCHERVILLE, QUEBEC--(Marketwire - Sept. 19, 2011) - Uni-Select (TSX:UNS) is pleased to announce it has entered into an agreement with Parts Depot, Inc. to purchase certain assets in the state of Florida. After the transaction has closed, Uni-Select will open new stores under its Auto-Plus trademark in those locations where leases have been assumed. Uni-Select expects to add 39 points of sale and 5 distribution centers, adding a substantial presence in the Florida market to its existing operations.

« This transaction is in line with our strategy of continuing to expand our footprint as we continue our growth in the U.S. market. The state of Florida is one of the most important automotive markets in the U.S. and Uni-Select's entry into this market is a significant step in our development plan. » offered Richard G. Roy, President and Chief Executive Officer of Uni-Select Inc. « This project is also a great complement to our latest acquisition of FinishMaster and its 27 locations in Florida » added Mr. Roy.

« This development is exciting news for PDI's customers and employees. Uni-Select will offer employment to the vast majority of our employees and will provide strong partnership to customers allowing them to compete and grow in the automotive aftermarket industry. » commented Rollie Olson, Chairman and CEO of Parts Depot.

This new business is expected to add annual sales of US$87M. The transaction is expected to close in early October; closing remains subject to customary closing conditions.

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

    Mr. Richard G. Roy
    President and CEO
    (450) 641-6903

    Mr. Denis Mathieu
    Vice President and Chief Financial Officer
    (450) 641-6903