In a statement issued this afternoon, the company called the rumours â€œuncharitableâ€. It also confirmed Universal as its primary distributor.
The rumours began circulating after Dayco reorganised its UK operation and formed an autonomous UK subsidiary.
Former Universal man Callum Goodland then left the company to lead Dayco Aftermarket UK.
He is joined by technical manager Andy Walters at Daycoâ€™s HQ in Basildon, Essex. Dayco Europeâ€™s regional sales manager, Gianluigi De Dea, will also provide support.
â€œDayco is a leading OE parts manufacturer and should be represented by a leading distributor. Universal Automotive is just such an organisation and we are pleased to quell any rumours that suggest that our longstanding business relationship is under threat,â€ said Goodland.
â€œThe action to establish the UK office can only add to the level of support that we can provide to Universal Automotive and its customers.â€