Uni-Sélect Inc.

Uni-Sélect Inc.

March 28, 2007 14:19 ET

Uni-Select in Talks to Buy Thompson & Company

BOUCHERVILLE, QUEBEC--(CCNMatthews - March 28, 2007) - Mr. Jacques Landreville, President and Chief Executive Officer, announced that Uni-Select (TSX:UNS) has agreed to purchase the assets of Thompson & Company, Inc. and of MGT, Inc (also known as RPM Auto Parts) that operate a distribution center, 8 branch locations and 1 store in New Jersey and Pennsylvania. Thompson is a well-respected and established distributor of automotive parts and is a member of the same buying group as Uni-Select USA.

The acquired businesses will operate as units of Automotive Group USA, Northeast Region. Two of the sons of William Thompson, the founder of Thompson & Company, will remain with the acquired businesses to ensure the transition and expansion of the acquired activities.

This business development is expected to add annual sales of $13M USD to the revenue of Uni-Select. The acquisition should be completed in April and is subject to customary closing conditions.

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 as well as wheels in Canada. The Uni-Select Network includes over 2,033 independent jobbers and services over 3,063 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

  • Uni-Select Inc.
    Mr. Jacques Landreville
    President and Chief Executive Officer
    450-449-4908 (FAX)
    Uni-Select Inc.
    Mr. Richard G. Roy
    Vice President, Administration andChief Financial Officer
    450-449-4908 (FAX)