Boucherville, March 5, 2015 – Uni-Select Inc., a major distributor of replacement parts and paint products for motor vehicles in North America, announced today that Uni-Select Canada had purchased the remaining 50% equity interest of Wilter Auto & Industrial Supply (“Wilter”).
Wilter, a long-term customer of Uni-Select, has been a well-reputed wholesaler of automotive parts in Northeastern Alberta for over 25 years and generates sales of approximately C$25 million. Its seven stores, including a brand-new 12,800 square feet location in Elk Point, serve many professional repair shops and industrial customers with a vast array of products and efficient service. Uni-Select, which now owns 100% of Wilter’s equity interest, is glad to welcome to its team the 60 professionals who contributed to building enduring relationships and to forging its strong position in the market.
“We are delighted with this acquisition as it will complement our activities and network of corporate stores in Western Canada,” stated Gary O’Connor, President and Chief Operating Officer, Automotive Canada. “We are looking forward to welcoming Rick and Janice Kiziak, respectively President and General Manager of Wilter, who will continue to be involved and contribute to a seamless and successful transition for our customers, business partners and team members.”
“Today’s announcement perfectly fits in our strategy to expand our network and accelerate our growth. It also underlines our commitment to strengthen our leadership in the Canadian automotive aftermarket,” added Henry Buckley, Chief Operating Officer, Uni-Select Inc.
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.
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