Boucherville (Québec), May 2, 2016 – FinishMaster, Inc., a leading distributor of paint and related products in the United States and subsidiary of Uni-Select Inc. (TSX:UNS), a leading distributor of automotive products in Canada, announced today it has completed the acquisition of substantially all of the operating assets of Gladwin Paint Company and related entities (“Gladwin”). This acquisition increases FinishMaster’s footprint with the addition of 8 locations across several key metropolitan markets in Texas including Austin, Dallas, Houston, and San Antonio.
Founded in 1954, Gladwin has grown to be one of the largest PBE distributors in the southwest United States. The team is guided by the same principles Carl and Margaret Gladwin held when they founded the company more than a half century ago: hard work, honesty, and excellent customer service. Offering comprehensive services including an experienced team of technicians, Gladwin specializes in training and assisting body shop technicians in product knowledge, process solutions, and SOP implementation to help improve their customers’ overall performance.
“The more than 100 Gladwin team members joining our FinishMaster family will find we share the same core values as their founders and are committed to fostering a culture with a family-first focus. We are steadfast in our commitment to work as a team, and to be a key factor in the success of our customers,” stated Steve Arndt, President and Chief Operating Officer of FinishMaster. “Combined, we have the most experienced and knowledgeable team in the market and are best equipped to drive innovative solutions and help our customers and partners build a profitable growth model for their business.”
“This is a terrific acquisition in terms of both the cultural fit of our teams and the expansion of our coverage of the important Texas market,” added Henry Buckley, President and Chief Executive Officer of Uni-Select. ”This is FinishMaster’s largest acquisition in 2016 which continues to enable us to better serve more customers.”
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 207 branches and more than 1,600 teammates in 31 states.
Uni-Select is a leader in the distribution of automotive refinish and industrial paint and related products across North America, as well as in the automotive aftermarket parts business in Canada. Its over 2,800 team members, spread across a network of 13 distribution centres and over 250 corporate stores, are dedicated to supplying its customers the right products, at the right place, and when they need them. Uni-Select also offers advanced solutions and first-rate service to enable its customers’ success. In the United States, FinishMaster, Inc., a subsidiary of Uni-Select operates a network of automotive refinish corporate stores from coast to coast under the FinishMaster banner and supports more than 6,000 collision repair centre customers. Uni-Select’s Canadian automotive aftermarket parts and automotive refinish business supports a growing national network of more than 1,150 independent customers and corporate stores, several of which operate under Uni-Select store banner programs including Auto Parts Plus®, Auto-Plus® and Bumper to Bumper®. In Canada, Uni-Select supports over 3,900 shops and stores through its automotive repair/installer shop banners and programs including Auto Select®, Uni-Pro®, and SAX (SelectAutoXpert), as well as through its automotive refinish banner, Carrossier ProColor®. Uni‑Select is headquartered in Boucherville, Québec, Canada, 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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Eric Bussières | Chief Financial Officer
Tel. 450 641-6958 | firstname.lastname@example.org