Boucherville (Québec), April 15, 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 Zitco, Inc. doing business as Lowell’s PCE (“Lowell’s”). This acquisition significantly broadens FinishMaster’s reach in the Minneapolis/St. Paul metropolitan area.
Lowell’s has been a key PBE distributor in the Minneapolis/St. Paul market for more than 40 years. A customer-first mentality has attributed to continual growth in their market. Operating from one location in Edina, MN, the team had developed long-standing relationships by providing consistent service and technical support.
“Our companies share a customer-centric focus and our commitment to excellence in service will strengthen as we join as one team. Combining experience and local market knowledge equips us to anticipate and exceed customer expectations in the service and support we provide. We are happy to welcome Lowell’s to the FinishMaster family,” stated Steve Arndt, President and Chief Operating Officer of FinishMaster.
“This acquisition is a great example of FinishMaster accelerating growth in a key market, which directly aligns with our profitable growth strategy,” added Henry Buckley, President and Chief Executive Officer of Uni-Select.
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 199 branches and more than 1,500 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 2,700 team members, spread across a network of 13 distribution centres and over 245 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.
- 30 -
Eric Bussières | Chief Financial Officer
Tel. 450 641-6958 | email@example.com