Boucherville, February 19, 2015 – Uni-Select Inc., a major distributor of replacement parts and paint products for motor vehicles in North America, announced today that its subsidiary FinishMaster, Inc. has completed the acquisition of assets of the Sea Hawk Refinish Line, Inc. (“Sea Hawk”) located in Clearwater, Florida. This acquisition complements existing operations in the Florida market and strengthens FinishMaster’s ability to create consistent and exceptional customer experiences.
Since 2003, Sea Hawk has been serving the greater Tampa Bay area with automotive and marine paint products, operating one store with 14 team members in sales and operations. FinishMaster currently operates 27 other locations in Florida with a core focus on providing exceptional experience through superior distribution service and value-added operational and technical support.
“We are happy to welcome Sea Hawk to the FinishMaster fold. A family business built on long-lasting relationships and local experience, Sea Hawk team members share our dedication in bringing the highest values and customer service to the market,” stated Steve Arndt, President and Chief Operating Officer, FinishMaster. “The combined experience of our teams enhances our ability to provide great service to our customers.”
“Today’s announcement reflects Uni-Select’s commitment to our automotive paint distribution activities in the US. Our focus to further accelerate growth, both organically and through acquisitions is emphasized by the acquisition of Sea Hawk,” added Henry Buckley, Chief Operating Officer, Uni-Select Inc.
ABOUT UNI‐SELECT AND FINISHMASTER
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 and the leading independent distributor of automotive paint and related products in North America. With its 5,300 employees, Uni-Select efficiently services a wide network of independent installers and wholesalers, including over 6,700 which operate under one of its banner programs in North America. Uni-Select is headquartered in Boucherville, QC and its shares are traded on the Toronto Stock Exchange (TSX) under the symbol UNS.
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 166 branches in 28 states.
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. 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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Investor Relations and Communications Manager