UAP Inc. announced recently the entering into a binding agreement with Uni-Select Inc. and its subsidiary Palmar Inc. to acquire eighteen stores of its Palmar Truck Parts network. These new stores will allow UAP to pursue its growth strategy and strengthen its position as a leader of Canada’s aftermarket auto parts and truck and heavy vehicle parts industry. The transaction is expected to be closed by August 17, 2009.
The Palmar stores will gradually be integrated into the eighty-four Traction stores network and the three TW Distribution Centres of UAP Heavy Vehicle Parts Division. By adding these stores, UAP hopes to better serve its current and future customers from to a stronger presence in several regional markets, notably in Quebec, Ontario and the Atlantic provinces.
UAP Inc., a wholly owned subsidiary of Genuine Parts Company, is a Canadian leader in the distribution and merchandising of automotive parts and replacement accessories for cars, trucks and heavy vehicles. UAP is known for its product excellence, first quality customer service and dynamism in every region of the country. UAP has approximately 3,800 employees and a store network covering all of Canada.