Uni-Sélect Inc.

Uni-Sélect Inc.

August 14, 2008 13:00 ET

Uni-Select Expands Its Operations in the Mid-Atlantic Region of the United States

BOUCHERVILLE, QUEBEC--(Marketwire - Aug. 14, 2008) - Uni-Select (TSX:UNS) has entered into an agreement to purchase the Mid-Atlantic parts distribution operations of Parts Depot, Inc. The assets and operations to be acquired by Uni-Select include 9 regional parts distribution warehouses and 67 parts stores located in Virginia, West Virginia, North and South Carolina, Delaware, Maryland, Ohio, Pennsylvania and Tennessee that cater to independent jobbers, installers and, to a lesser extent, retail customers. Parts Depot will retain its Florida-based warehouse and store operations.

The acquired business and its assets will be included in the activities of Automotive Group USA; this development is expected to add annual sales of $180M US. Mr. William E. Alexander, President and C.E.O. of Parts Depot will join Uni-Select USA along with the operating management team assigned to the acquired operations. The transaction should be completed on September 15th, 2008 subject to customary closing conditions.

"This transaction supports our strategy of expanding our distribution footprint in the United States. The Parts Depot operations cover a territory that is almost completely complimentary to Uni-Select's Distribution Network and this acquisition provides a wonderful opportunity to continue our growth in the U.S. market" offered Richard G. Roy, President and Chief Executive Officer of Uni-Select Inc.

"This is exciting news for our employees, customers and vendors. It will allow both companies to more effectively compete and grow in our consolidating industry. Also, we have found the right partner in Uni-Select as their culture, values and business model, including support of the independent Jobber, are so similar to ours" commented Rollance E. Olson, Chairman, Parts Depot, Inc

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 services to customers in the United States where it is the 7th 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 2,000 independent jobbers and services over 3,000 points of sale in Canada and the United States. Uni-Select is headquartered in Montreal. Uni-Select shares (UNS) are traded on the TMX.

Certain statements made in this press release contain forward-looking statements which, by their very nature, include risks and uncertainties, such that actual results could differ from those indicated in those forward-looking statements. For additional information with respect to the risks and uncertainties, refer to the Annual Report filed by Uni-Select with the Canadian securities commissions. Unless required to do so pursuant to applicable securities legislation, Uni-Select assumes no obligation as to the updating or revision of the forward-looking statements as a result of new information, future events or other changes.

Contact Information

  • Source: UNI-SELECT INC.
    Mr. Richard G. Roy
    President and Chief Executive Officer
    Mr. Denis Mathieu
    Vice President and Chief Financial Officer