UAP to acquire Benson Group

UAP Inc. has announced its proposed acquisition of Benson Group Inc., a regional distributor of automotive and heavy vehicle parts.

Benson, headquartered in Cornwall, Ont., operates 85 locations and employs more than 730 people. UAP said that the deal would strengthen its market position and enhance its service capabilities.

“This proposed acquisition aligns perfectly with UAP’s strategy to strengthen our leadership position in Canada’s automotive parts industry,” UAP president Alain Masse said in a statement.

Benson president Marty Benson said the acquisition will allow both companies to combine their strengths to improve service and product availability.

“Joining forces with UAP presents an exciting opportunity for our team members, customers, stakeholders and key suppliers,” she said. “Together, we will combine our strengths to enhance our service offerings and product availability, reinforcing our long-standing commitment to customer satisfaction.”

The deal is expected to close this May, pending regulatory approvals and customary closing conditions.

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