Euro Car Parts has acquired competitor Andrew Page from administrators PwC. Andrew Page is a major distributor of automotive parts, workshop equipment, tools and diagnostic equipment with 109 UK sites supplying mostly independent garages. The business employs 2000 staff and had sales of £192 million for the financial year ending September 2015.
Euro Car Parts is owned by LKQ a US firm listed on Nasdaq. The acquisition, for an undisclosed consideration, will see Andrew Page retain all of its employees including its CEO Mark Saunders save for its chairman Jim Sumner who is stepping down.
Martin Gray, CEO for Euro Car Parts UK said “I am delighted to confirm that the future of the Andrew Page business has been secured. We remain committed to assuring that the iconic Andrew Page brand continues to thrive and will remain separate from Euro Car Parts, but will benefit from our UK infrastructure, inventory and the financial support from the LKQ Corporation.”
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