Boucherville (Québec), August 3, 2015 – Uni-Select Inc. (TSX:UNS), a major automotive aftermarket product distributor with activities across North America, announced today its subsidiary, FinishMaster, Inc., has completed the acquisition of the assets of Painters Supply Co., Inc. in Colorado. This acquisition broadens FinishMaster’s footprint in the Denver and Fort Collins metropolitan areas and expands operations in the industrial and architectural segments.
Painters Supply has operated in the Colorado market since 1981. Operating from two locations, the team has steadily grown the business through customer focused activity in management and technical assistance, process improvement, and long-standing customer relationships. Combined, the team has over 225 years of industry experience. FinishMaster currently operates 5 additional locations in Colorado.
“The Painters Supply team is focused on providing the local customer base with tools and processes needed to effectively grow in a rapidly changing market. This is a perfect complement to FinishMaster’s vision to distribute products and provide services and technology recognized by our customers as key factors in their success,” stated Steve Arndt, President and Chief Operating Officer, FinishMaster. “The Painters Supply team has a “WOW” the customer mentality. We are happy to welcome them to our family and strengthen our commitment to our customers and our suppliers in the Colorado market.”
“This acquisition aligns well with our strategy to build density in key markets like Denver. The combination of our two businesses enables us to provide better service to more customers,” added Henry Buckley, President and Chief Executive Officer of Uni-Select.
ABOUT FINISHMASTER AND UNI-SELECT
FinishMaster, a subsidiary of Uni-Select, is the leading national independent distributor of automotive paints, coatings and related accessories in the United States. FinishMaster operates three major distribution centres with 168 branches and more than 1,400 teammates in 28 states.
Leader in the Canadian distribution of automotive products, Uni-Select is also a leading independent automotive paint distributor in the United States with FinishMaster. Over 2,400 employees spread across 13 distribution centres and 189 corporate stores are dedicated to offering advanced solutions and first-rate service to customers in order for them to benefit from a positively superior experience. Uni-Select’s strong network and proficient programs contribute to the success of countless auto service shops and collision centres as well as more than 1,155 independent wholesalers in North America. Its Canadian banner programs made up of Auto Parts Plus®, Auto-Plus®, Bumper to Bumper®, Auto Select™, Uni-Pro®, SAX and Carrossier ProColor® regroup over 3,900 shops and stores. Uni-Select is headquartered in Boucherville and its shares are traded on the Toronto Stock Exchange (TSX) under the symbol UNS.
The information provided in this press release may include some forward-looking information, which could include certain risks and uncertainties, which may cause the final results to be significantly different from those listed or implied within this news release. Such risks and uncertainties may include, for example, the impact of the transaction on the business of Uni-Select as a whole and certain strategic benefits expected to result from the transaction. 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.
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Louis Juneau | Chief Legal Officer and Corporate Secretary
Tel. 450 641-6922 | email@example.com