BOUCHERVILLE, QUEBEC — Uni-Select Inc. has entered into an agreement for the purchase of the assets of Consumer Auto Parts, Inc., an automotive replacement parts distributor and operator of 23 points-of-sale and one distribution center in Connecticut, Massachusetts, Rhode Island and Vermont. The sale is expected to be completed on Aug. 31 and is subject to closing conditions.
The acquired business will become part of the northeast division of Automotive Group USA. This development should add annual sales of $41 million, 40 percent of which is expected to come from retail and walk-in trade.
“The Consumer Auto Parts business model, with its balanced mix of retail and wholesale, will add a powerful tool to our arsenal,” said Jacques Landreville, president and chief executive officer of Uni-Select Inc.
“These developments are exciting news for our customers and employees. It will allow us to more effectively compete and grow in our extremely challenging but opportunistic industry. In Uni-Select, we have found the right partner as its culture, values and business model, including support of the independent jobber, coincides so closely with ours,” said Merrill Cohen, president of Consumer Auto Parts.
For more information about Uni-Select, go to: http://www.uni-select.com.