Tag Archive | "ECP"

ECP PARENT ACQUIRES ANDREW PAGE NETWORK

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ECP PARENT ACQUIRES ANDREW PAGE NETWORK


A deal between Euro Car Parts’ owner LKQ Corporation and administrators from Price Waterhouse Coopers has resulted in ECP taking over the whole of the Andrew Page network, barring seven of its 109 branches, with immediate effect. Terms of the deal have not been disclosed, although a statement issued on October 3 explains that the agreement was a pre-packaged sale of the business and assets of Andrew Page ltd, Solid Auto (UK) and Colton Parts Company ltd.

The acquisition comes after months of speculation of the future of the Andrew Page business and follows from the revelation on Monday that the company had filed a notice of intent to appoint administrators at Manchester High Court.

In another statement, ECP’s CEO Martin Gray reassured staff by saying that the new owner is ‘committed to retaining all team members’ and that the Andrew Page brand will be retained. Mark Saunders will remain as MD of the company and both the Leeds head office and the Markham Vale distribution centre were included in the deal.

Mark Saunders said: “We are looking forward to working with Euro Car Parts and LKQ at an exciting time for the motor parts sector, which is undergoing consolidation throughout Europe.”

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ANDREW PAGE TAKEOVER: STATEMENT FROM ECP PARENT

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ANDREW PAGE TAKEOVER: STATEMENT FROM ECP PARENT


Following the news earlier this morning that ECP parent company, LKQ holding is to acquire Andrew Page, the following statement has been issued by LKQ:

“LKQ Corporation today announced that its United Kingdom subsidiary, Euro Car Parts, has acquired substantially all the business assets of Andrew Page Limited, a distributor of automotive parts in the United Kingdom. As part of the transaction, Euro Car Parts will acquire 102 Andrew Page branch locations, its national distribution centre and corporate office. 

UK C.E.O. Martin Gray said “I am delighted to confirm that the future of the Andrew Page business has been secured, which celebrates its UK centenary next year. We remain committed to assuring that the iconic Andrew Page “Brand” continues to thrive and will remain separate from Euro Car Parts, but will benefit from our UK infrastructure, inventory and the financial support from the LKQ Corporation.” 

Gray added “I am thrilled to confirm that Mark Saunders will remain as Managing Director of Andrew Page and we are committed to retaining all team members – they are the DNA that makes Andrew Page so uniquely special.  We very much hope that Andrew Page’s customers will continue to support Andrew Page, partnering with them to ensure that the Andrew Page proposition, that they rely upon and love, continues to meet their current and future requirements”.  

UK Chairman and LKQ Board Member Sukhpal Singh Ahluwalia added “As a competitor, I have always had the greatest respect and admiration for Andrew Page and the brand. So today, I’m absolutely delighted to welcome them into the LKQ family. The acquisition by LKQ firmly demonstrates our ongoing commitment to the UK market, which includes their investment in the Euro Car Parts brand new 1.6M sq. ft. distribution centre, located in Tamworth and our recent acquisition of Arleigh, a specialist leisure wholesaler.”

We’ll bring you more developments on this story as they occur.

 

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BREAKING: ECP PARENT ACQUIRES ANDREW PAGE

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BREAKING: ECP PARENT ACQUIRES ANDREW PAGE


Following yesterday’s news that Andrew Page was on notice of intent to appoint administrators.

A statement from the company reads as follows:

 

Andrew Page today announces its sale to LKQ Corporation (LKQ) in a strategic acquisition by the US buyer. 

The purchaser, an S&P500 company listed on Nasdaq, is a leading motor parts distributor in the US and the owner of Euro Car Parts in the UK.

Leeds-based Andrew Page is a major distributor of quality auto parts, workshop equipment, tools and diagnostics, primarily to independent garages. Founded in 1917, the company has 109 sites and over 2,000 full time and part time staff. It had sales of £192m in the financial year ending September 2015. 

Jim Sumner, chairman of Andrew Page, said: “The strategic acquisition by LKQ recognises that Andrew Page is a strong business with a historic brand. 

“We are pleased at the completion of the sale, which brings the business and its employees into a global group with more than $6 billion in sales.

“The investment also highlights the continuing attractiveness of British businesses for foreign buyers.”

LKQ is buying substantially all of the assets and operations of Andrew Page, except for seven of the company’s 109 branches.

Mark Saunders, chief executive of Andrew Page, said: “This is a great deal for Andrew Page and its employees and puts us in a strong position for the future.

“We are looking forward to working with LKQ and Euro Car Parts at an exciting time for the motor parts sector, which is undergoing consolidation throughout Europe.”

Andrew Page made a number of significant investments in the last financial year, including £1m in a new state-of-the-art telephony system, continued upgrades to its van fleet and new infrastructure at its national distribution centre in Markham Vale. Andrew Page also acquired the Solid Auto brand and business in March 2016.

As part of the sale process, administrators from PwC were appointed to Andrew Page Limited, Solid Auto (UK) Limited and Colton Parts Company Limited on October 3 and immediately concluded a pre-packaged sale of the business and assets of each company to the purchaser.

 

We’ll bring you more news as it breaks.

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ECP TAKEOVER OF ACCESSORY WHOLESALER ARLEIGH INTERNATIONAL

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ECP TAKEOVER OF ACCESSORY WHOLESALER ARLEIGH INTERNATIONAL


ecparleighEuro Car Parts (ECP) has announced the acquisition of leisure retail supplier Arleigh Group – which operates under the trading names of Arleigh International, Nova Leisure and Midland Chandlers. Terms of the deal were not disclosed.

Arleigh, whose head office is based in Warwickshire, is a distributor of products and accessories to the UK Caravan, Holiday Home, Motorhome and Inland Marine markets offering over 13,000 product lines to its customers.

Martin Gray, CEO of ECP said: “With the purchase of Arleigh, we not only gain the expert knowledge from the highly trained and knowledgeable employees, but more excitingly see the Euro Car Parts customer proposition widen further, bringing our market leading distribution efficiencies and pricing to the most important people, our customers. The Leisure sector presents an ideal growth opportunity and we are delighted to have gained a well-respected, market leading supplier in this field”.

Sukhpal Singh, U.K. Chairman and LKQ Board Member added: “We are looking forward to growing the Arleigh brand further and welcoming the passionate Arleigh community into the unique Euro Car Parts family”.

Alastair Thomas of Arleigh stated: “We are delighted to enter into an ownership with LKQ and Euro Car Parts. Currently we see so many best practices that we can share, which will ultimately end up in the consumer benefiting, whilst protecting current supply agreements”.

ECP has stated that the plan ‘heralds the next chapter’ in its expansion of the Specialists Products Divison.

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PAGID COMPETITION GOES LIVE


Instagram_4Brake brand Pagid has launched a summer competition for the month of July. The draw has prizes including a beach holiday for two at the Blue Bay in Mauritius, indulgent Radisson Blu weekend hotel breaks, as well as some very cool Ray-Ban sunglasses.

To enter the comp, trade customers just need to make a Pagid purchase from Euro Car Parts in July, and then register their purchase on the dedicated ‘Pagid Summer Brake-Away’ website. Customers can enter as many times as they like as every Pagid purchase counts – so the more products bought, the more chances to win.

Customers need to retain their invoice to register the purchase on the website (and to claim prizes). Terms and conditions are on the organiser’s website.

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ECP SIGNS EXCLUSIVE SUPPLY DEAL WITH AUTOLOGIC

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ECP SIGNS EXCLUSIVE SUPPLY DEAL WITH AUTOLOGIC


Component supplier Euro Car Parts has signed a deal with diagnostic tool maker Autologic to distribute the new AssistPlus platform.

The agreement augments Autologic’s own sales team, which will continue to sell the product. However, it does not cover Autologic’s better-known Blue Box platform, which is no longer on sale. Existing Blue Box customers will still be supported by Autologic’s technical team.

Oxon based Autologic has previously won a Queens Award for Enterprise for International Trade and has recently gone through a corporate rebrand following a number of internal changes.

Jeremy Fry, CEO of Autologic, said: “The Autologic Assist fix and support capabilities enable UK garages to repair more cars, faster and more profitably. Customers report that it saves them at least an hour a day, representing an annual saving of £16,500. This prestigious supply agreement with Euro Car Parts will put Autologic Assist in front of thousands of new technicians, where the quality of the product will speak for itself.”
Martin Gray, CEO of Euro Car Parts, said: “We are delighted to announce this exclusive distribution deal with Autologic, particularly with Pass Through so vital to the success of the aftermarket. The Assist product is proven to increase vehicle through-flow, customer satisfaction and revenue. It is exactly the kind of high-end diagnostic equipment that garages should be investing in.

 

Ed’s note: Updated 12/10 to include the fact that Blue Box is no longer on sale. 

 

 

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SUKHBIR KAPOOR BACK ON ECP BOARD

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SUKHBIR KAPOOR BACK ON ECP BOARD


Component distributor Euro Car Parts has confirmed that Sukhbir Kapoor will return to the company as Vice President (VP) with responsibility for supply chain and e-commerce.

An announcement by LKQ Corporation, which owns Euro Car Parts, confirmed that Mr Kapoor will coordinate the company’s pan-European strategies and activities in supplier relationships, global sourcing, inventory, category management, brands and concepts, cataloging, e-commerce and pricing.

Mr Kapoor re-joins the board of Euro Car Parts after an absence of six months and will work closely with Sator, the Netherlands-based parts distributor also owned by LKQ. He will report to ECP CEO Martin Gray in respect of all UK matters.

Robert L. Wagman, President and Chief Executive Officer of LKQ Corporation, commented: “Sukhbir is a well-known figure in the European auto parts aftermarket and I greatly look forward to working with him again. His knowledge, skills and flair will drive increased efficiency and support our rapid growth, both organically and by acquisition, in various European territories and market sectors.”

Sukhpal Singh Ahluwalia, Chairman of LKQ’s operations in the UK, added: “I am delighted that Sukhbir has rejoined Euro Car Parts. Like me, his heart never left the company. He will hit the ground running and play a key role in the next phase of our exciting expansion, both here in the UK and in Europe.”

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NEW DISTRIBUTION CENTRE FOR EURO CAR PARTS

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NEW DISTRIBUTION CENTRE FOR EURO CAR PARTS


The 778,000 sq.ft. bespoke facility is to be built on the Birch
Coppice Estate in Dordon, Staffordshire. PHASE 1 is due for
completion January 2016. It will include 47,500 sq ft offices and
customer and colleague training suites, alongside 4 level access
doors and 64 dock doors.
The facility will stock over 150,000 different product lines and
despatch over 200,000 items each night to the branch network.
Euro Car Parts currently occupy over 600,000 sq ft (inc mezz floors)
of warehousing on the same estate which will be retained and
transformed into a specialist facility for collision, coatings and green
parts.
Martin Gray, CEO of Euro Car Parts, commented: “Actions speak
louder than words and this unprecedented investment demonstrates
our long-term commitment not just to the UK aftermarket but to
our customers and our people. We are determined to continue
maximising our logistics capability and launch pioneering, unique
and truly added-value solutions for our customers. I would like
to sincerely thank our customers, our supplier partners and all of
our people for their continued loyalty and support. Together we
continue to prove that we are indeed greater than the sum of our
parts.”
Award winning developer, IM Properties completed the pre-let and
CBRE acted for Euro Car Parts in the search and acquisition of the
new premises.

Euro Car Parts is to open a very large new distribution centre.

The 778,000 sq.ft. bespoke facility is to be built on the Birch Coppice Estate in Dordon, Staffordshire. Phase 1 is due for completion January 2016. It will include 47,500 sq ft offices and customer and colleague training suites, alongside 4 level access doors and 64 dock doors.

The facility will stock over 150,000 different product lines and despatch over 200,000 items each night to the branch network.

Euro Car Parts currently occupy over 600,000 sq ft (inc mezz floors) of warehousing on the same estate which will be retained and transformed into a specialist facility for collision, coatings and recycled parts.

Martin Gray, CEO of Euro Car Parts, commented: “Actions speak louder than words and this unprecedented investment demonstrates our long-term commitment not just to the UK aftermarket but to our customers and our people. We are determined to continue maximising our logistics capability and launch pioneering, unique and truly added-value solutions for our customers. I would like to sincerely thank our customers, our supplier partners and all of our people for their continued loyalty and support. Together we continue to prove that we are indeed greater than the sum of our parts.”

Award winning developer, IM Properties completed the pre-let and CBRE acted for Euro Car Parts in the search and acquisition of the new premises.

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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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UPDATE: REPORT LINKS LKQ TO UNIPART AUTOMOTIVE ACQUISITION

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UPDATE: REPORT LINKS LKQ TO UNIPART AUTOMOTIVE ACQUISITION


A report in The Daily Telegraph suggests that struggling component supplier Unipart Automotive may be acquired by LKQ Corp – the US-based firm behind Euro

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Car Parts.

A spokesman at ECP declined to comment.

The newspaper also linked a possible rescue package with Better Capital – a business turnaround fund. Better Capital has been responsible for the buyout of the UK division of Reader’s Digest magazine and for obtaining Fairline Boats in 2011. However, he may be best known to CAT readers as the man behind Alchemy Partners’ unsuccessful bid to buy MG Rover in 2000. The company ultimately went to the Phoenix Consortium.

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