Tag Archive | "administration"

ECP ACQUIRES 27 UA BRANCHES

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ECP ACQUIRES 27 UA BRANCHES


Parts distributor Euro Car Parts (ECP) has acquired 27 former Unipart Automotive branches.

Following negotiations with Unipart’s administrators, Mark Orton, Will Wright and Jonny Marston from KPMG, Euro Car Parts has been able to secure the future of sites across England, Scotland and Wales, taking the ECP network to 194 branches.

Martin Gray, CEO of ECP, commented: “We are delighted to have acquired these 27 branches and may yet acquire more. Over the last few days we have been working hard to identify which locations fit into our growth strategy. We are optimistic that many ex-Unipart employees from these locations will now join Euro Car Parts. We look forward to helping them to continue their aftermarket careers and bring an end to the uncertainty and stress these past weeks have brought them and their families.

“In addition to the site acquisitions, we are also thrilled to announce that last week alone we made offers to over 100 ex-Unipart employees. During the next 12-18 months we will create 1,500 new positions, so I meant it when I said last week that we would go the extra mile to assist them. This proves we are serious about attracting, developing and growing the very best talent within our sector” he concluded.

The 27 locations are as follows:  Acton, Avonmouth, Ayr, Bangor, Bath, Bury St Edmunds, Cambridge, Dundee, Dunfirmline, Elgin, Enfield, Folkestone, Grantham, Guildford, Keighley, Kendal, Llandudno, Loughborough, Newark, Norwich, Perth, Sittingbourne, Sunderland, Swansea, Wigan, Worthing and Wrexham.

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UNIPART AUTOMOTIVE FALLS

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UNIPART AUTOMOTIVE FALLS


Car parts giant Unipart Automotive will appoint administrators this morning, with predicted job losses estimated to be between 1,200 and 1,300.

CAT understands that KPMG are to be in charge of winding the company up. Attempts to find a buyer for the whole company over the past two weeks have failed. However, Andrew Page in a joint deal with The Parts Alliance to save 33 branches and around 350 related jobs from the former group.

We’ll bring you more news as it breaks.

joint deal with The
Parts Alliance to save 33 branches and around 350 related jobs from the former Unipart Automotive
which entered administration today. The deal, which is for an undisclosed sum, means that Andrew
Page has taken 21 branches and The Parts Alliance a total of 12.

Posted in Factor & Supplier News, Garage News, NewsComments (7)

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