United States. LKQ Corporation ( LKQ) and Uni-Select entered into a definitive agreement for LKQ to acquire all of Uni-Select's issued and outstanding shares.
Uni-Select is a distributor of automotive refinish and industrial coatings and related products in North America through its FinishMaster segment, in the automotive parts business in Canada through its Canadian Automotive Group segment and in the United Kingdom through its GSF Car Parts segment.
"This acquisition further enhances LKQ's global motor vehicle parts distribution business," said LKQ Corporation President and Chief Executive Officer Dominick Zarcone.
"Uni-Select's automotive refinish paint and mechanical parts distribution operations in North America complement LKQ's existing footprint and will allow us to distribute a wider range of products to our customers. We look forward to welcoming Uni-Select employees to the LKQ team," added Zarcone.
"Importantly, we believe our combined efforts will create tremendous long-term value for our customers, shareholders, employees and other stakeholders as we continue to focus on our operational excellence initiatives."
