Uni-Select Inc. Agrees to Buy Assets of Services Batteries Electriques
31 March 1999
Uni-Select Inc. Agrees to Buy Assets of Services Batteries Electriques and Batteries Electriques Quebec
BOUCHERVILLE, Quebec--March 30, 1999-- Uni-Select (TSE:UNS)(ME:UNS) is pleased to announce that, together with its members, it has agreed in principle to purchase the main assets of Services Batteries Electriques and Batteries Electriques Quebec.These companies, founded over seventy-five years ago by the late Bill Little and operated by his family, generated annual sales of more than $10 million in automotive replacement parts, small engine parts and service motor vehicles. The vendors operate four branches in the province of Quebec located in the municipalities of St-Laurent, Lafontaine, Victoriaville and Trois-Rivieres. Local Uni-Select members will be serving all customers of Services Batteries Electriques and Batteries Electriques Quebec and will be merging those activities into their own.
Uni-Select is a public company specialising in the wholesale distribution of replacement parts for motor vehicles. Uni-Select shares (UNS) are listed on the Montreal and Toronto Stock Exchange.