Boucherville QC, February 13, 2014 − Uni-Select Inc. (TSX: UNS), a major automotive aftermarket product distributor in North America, is pleased to announce the opening of its new Regional Distribution Center (RDC) in the Washington, D.C. area.
The new warehouse contains over 120,000 square feet of distribution space and is highly efficient. It will provide greater product range and availability and improved accuracy with our SAP warehouse management system. Over 40 new jobs were created to staff the facility which will service Uni-Select’s customers in Maryland, Virginia, West Virginia and Southern Pennsylvania. Customers in this region will have access to over $8,000,000 of inventory available on a next day basis.
The opening of this new location is part of the Corporation’s Action Plan unveiled on July 11, 2013 which was aimed at improving performance and delivering higher service rates. With this new warehouse, Uni-Select will consolidate the region’s distribution activities, improve its product availability and deliver a higher level of service to its customers in the region.
"We are very pleased to offer this new highly-efficient distribution center to our customers and employees. All initiatives included in our Action Plan aim to increase customer service, efficiency and profitability. We are pleased with our progress to date, and the opening of this large warehouse will certainly enhance growth in the United States” said Richard G. Roy, President and Chief Executive Officer of Uni-Select.
Founded in 1968, Uni-Select is a major distributor of replacement parts, equipment, tools, accessories, paint and related products for motor vehicles in North America. Leader in the Canadian industry, Uni-Select is the 5th largest distributor in the United States and the leading independent distributor of automotive paint and related products in the country. With its 5,500 employees, Uni-Select efficiently services a wide network of independent installers and wholesalers, including over 6,600 that operate under one of its banner programs in North America. 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 includes some forward-looking information, which includes certain risks and uncertainties, including risks relating to the implementation of the Action Plan resulting from the strategic review process, which may cause the final results to be significantly different from those listed or implied within this news release. For example, the foregoing estimates of cost and inventory reductions may be considered forward-looking information and are based upon certain key assumptions, including (i) the closure, sale or consolidation of the number of stores and distribution centres, and related reduction of headcounts, as planned and within the timeframe contemplated by the Action Plan and (ii) the timely completion of all other components of the Action Plan as planned. Uni-Select cautions that assumptions used to prepare the foregoing estimates, although reasonable at the time they were made, may prove to be incorrect or inaccurate. The foregoing factors could therefore cause the actual cost and inventory reductions to be derived under the Action Plan to differ materially from the amounts set forth in the foregoing estimates. 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. Unless otherwise indicated in this press release, all amounts are expressed in US dollars.
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Investor Relations and Communications Manager