Uni-Sélect Inc.

Uni-Sélect Inc.

September 16, 2008 15:06 ET

Uni-Select Inc. Completes the Purchase of Parts Depot, Inc.

BOUCHERVILLE, QUEBEC--(Marketwire - Sept. 16, 2008) - Uni-Select Inc. (TSX:UNS) announces that it has completed the purchase of the Mid-Atlantic parts distribution operations of Parts Depot, Inc. The assets and operations acquired by Uni-Select include 9 regional parts distribution warehouses and 67 parts stores located in Virginia, West Virginia, North and South Carolina, Delaware, Georgia, Maryland, Ohio, Pennsylvania and Tennessee that cater to independent jobbers, installers and, to a lesser extent, retail customers. Parts Depot has retained its Florida-based warehouse and store operations. The acquisition had been announced August 14, 2008.

This development is expected to add annual sales of $180M.

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 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 2,400 independent jobbers and services over 3,500 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).

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 and available on SEDAR. 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
    Uni-Select Inc.
    Mr. Denis Mathieu
    Vice President and Chief Financial Officer