|By Marketwired .||
|January 7, 2014 09:19 AM EST|
BOUCHERVILLE, QUEBEC -- (Marketwired) -- 01/07/14 -- Uni-Select Inc. (TSX: UNS), a major distributor of replacement parts and paint products for motor vehicles in North America, announced that its subsidiary FinishMaster, Inc. has completed yesterday the acquisition of substantially all of the assets of Auto Paint and Supply of Lakeland, Inc. (APS) located in Lakeland and Sarasota, Florida. This acquisition will complement the operations of its subsidiary FinishMaster and will strengthen its leading position in the distribution of automotive paint, coatings and related accessories.
APS has been servicing the local collision repair industry for more than 15 years and includes two locations which will merge with FinishMaster's existing locations in both Lakeland and Sarasota. FinishMaster currently operates 27 other locations in Florida and aims to provide superior distribution service and value added information to its customers, enabling them to increase productivity, manage material costs, and increase profits.
"APS' focus on providing value and service to their customers compliments FinishMaster's vision to be the leader in creating value and success for our customers in the refinish market, stated Steve Arndt, President and Chief Operating Officer, FinishMaster. Combining the experience of our teams enhances our ability to provide great service to our 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. Headquartered in Indianapolis, Indiana, FinishMaster operates three major distribution centers with 167 branches and more than 1,400 teammates in 28 states.
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 5,700 employees, Uni-Select efficiently services a wide network of independent installers and wholesalers, including over 6,200 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 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.