Boucherville (Québec), May 4, 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 two aftermarket distributors, Ray’s Auto Paints & Supplies, Inc. in North Hollywood, California, and Sandhills Automotive Refinishes, Inc. in Fayetteville, North Carolina. These acquisitions strengthen FinishMaster’s footprint in southern California and complements existing operations in the North Carolina market.
Ray’s Auto Paint & Supplies has served the market for more than 40 years from a single location in North Hollywood. Superior customer service and strong technical support are long-standing tenants of the operation and a perfect complement to FinishMaster’s vision and core values. FinishMaster currently operates 27 other locations in California.
Sandhills Automotive Refinishes has been serving the Fayetteville market since 1999. This addition broadens FinishMaster opportunities in Fayetteville through gained distribution rights of an additional paint line. FinishMaster currently operates 6 locations in North Carolina.
“FinishMaster has a long history of integrating successful family-owned businesses into our family. The addition of both Ray’s and Sandhills enhances our ability to bring value through a broader footprint and improved product offering,” stated Steve Arndt, President and Chief Operating Officer, FinishMaster. “These transactions are an example of our commitment to increasing our presence in markets we currently serve, maximizing service levels and driving value for all of our stakeholders.”
“There are significant opportunities to build out our business at FinishMaster through select acquisitions in markets across the USA, and we are highly focused on accelerating growth”, added Henry Buckley, Chief Operating Officer, Uni-Select Inc.
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 centers with 168 branches and more than 1,400 teammates in 28 states.
Once the sale of substantially all the assets of Uni‐Select USA, Inc. and Beck/Arnley Worldparts, Inc. announced on February 9, 2015, will be completed, Uni-Select will be the leading independent automotive paint distributor in the United States through FinishMaster, and a leader in the Canadian distribution of automotive products. Over 2,300 team members 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 in North America as well as more than 1,155 stores owned by independent wholesalers in Canada. Its Canadian banner programs made up of Auto Parts Plus®, Auto-Plus®, Bumper to Bumper®, Auto-Select™, Uni-Pro®, SAX, Color Plus® and Carrossier ProColor® form a group of 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.
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Karine Vachon | Manager,
Investor Relations and Communication
Tel. 450 641.6972 | email@example.com