Boucherville (Québec), November 16, 2015 – Uni-Select Inc. (TSX:UNS), a leading distributor of automotive products in Canada and parent company of FinishMaster, Inc., a leading distributor of paint and related products in the United States, announced today that it has completed the acquisition, through one of its Canadian subsidiaries, of the assets of T.N. Discovery Auto Collision Ltd. (“T.N. Discovery”). This acquisition expands Uni-Select’s reach in Ontario and reaffirms its commitment to develop a strong corporate store network across Canada.
T.N. Discovery, a member of Uni-Select, has been servicing auto body shops throughout the Greater Toronto Area since 1995. Their dedicated team of auto paint experts has served the market for over 20 years from 2 locations in Scarborough and North York, Ontario. The 8 professionals who contributed to building its reputation and position in the market now join the Uni-Select team.
“We are pleased to add this great business to our network of corporate stores and to continue to serve Scarborough and North York markets for our paint and body customers,” stated Gary O’Connor, President and Chief Operating Officer, Automotive Canada.
“This acquisition is an example of our commitment to extend our leadership position in the North American automotive refinish PBE (paint body and equipment) market and we welcome a new player to our Uni-Select family,” added Henry Buckley, President and Chief Executive Officer, Uni-Select Inc.
Uni-Select is a leader in the Canadian distribution of automotive products and its FinishMaster, Inc. subsidiary is a leading independent automotive paint distributor in the United States. Over 2,400 employees spread across 13 distribution centres and over 200 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 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