BOUCHERVILLE, QUEBEC--(Marketwire - June 2, 2008) - Uni-Select Inc. (TSX:UNS) announces that it has completed the purchase of the assets of Beck/Arnley Worldparts Corp and Beck/Arnley Worldparts Canada ULC. This entity is an automotive replacement parts distributor specialized in parts for foreign nameplate vehicles. The acquisition had been announced May 8.
The acquired business is the start of a new Foreign Nameplate Division at Uni-Select Inc. and will be independent from the other activities of Uni-Select. This development will initially add annual sales of $29M US.
Uni-Select is Canada's second largest distributor of automotive replacement parts, equipment, tools and accessories and through Uni-Select USA, Inc.; the company also provides service to customers in the United States where it is the 7th largest distributor. Its subsidiary, Palmar Inc., sells replacement parts, tools and accessories for heavy-duty vehicles and wheels in Canada. The Uni-Select Network includes over 2,079 independent jobbers and services over 3,148 points of sale in Canada and the United States. Uni-Select is headquartered in Montreal. Uni-Select shares (UNS) are traded on the Toronto Stock Exchange (TSX).
Certain statements made in this press release contain forward-looking statements which, by their very nature, include risks and uncertainties, such that actual results could differ from those indicated in those forward-looking statements. For additional information with respect to the risks and uncertainties, refer to the Annual Report filed by Uni-Select and available on SEDAR. Unless required to do so pursuant to applicable securities legislation, Uni-Select assumes no obligation as to the updating or revision of the forward-looking statements as a result of new information, future events or other changes.
FOR FURTHER INFORMATION PLEASE CONTACT:
Mr. Richard G. Roy
President and Chief Executive Officer
Mr. Denis Mathieu
Vice President and Chief Financial Officer