Fast growing automotive parts business Andrew Page Ltd as spearheaded a joint deal with The Parts Alliance to save 33 branches and around 350 related jobs for the former Unipart Automotive which entered administration on 24th July 2014. The deal, for an undisclosed sum, means that Andrew Page has taken 21 branches and The Parts Alliance a total of 12. “The Unipart Automotive situation is extremely sad as we know many of their team with whom we have longstanding industry relationships. It has been a privilege to be able to help contribute to saving a number of the jobs involved, said Jim Sumner, Executive Chairman of Andrew Page.
The acquisition takes Andrew Page up to 114 branches and follows its refinancing by Phoenix Equity Partners and Endless LLP earlier this year.