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.”

Published by GregWhitaker

Editor of CAT Magazine and an experienced motoring journalist

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5 Comments

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  1. some one needs to look closer into what sukhpal is doing !! opened up a new company in mid 2017 —- really !! – mark my words AP will have branches close and open up under this new name !!

  2. “Committed to retaining all team members” so what about the staff that have just been made redundant at Ipswich and other branches this week?? A joke and under hand all the way!!!

  3. LKQ is a monster. They come in to great companies and destroy them. This is what they have done to us here in the U.S. Firing people, they demote life long employees of recently acquired companies because they make to much money. Their logistics team is a joke. Give it time, they will see how bad of a discussion it was to turn you sales representatives into
    “Drivers”. The amount of customers we’ve lost to the competition is outrageous. Laundry list of things they have changed for the worst. Don’t bother trying to call…….you’ll never get through. That’s how bad their phone system is now. The only people who say anything good about LKQ are the employees who haven’t had the pay cut in half yet. Word of advice…..alway be looking for that next job because LKQ is no longer a career.

  4. So what about the 7 branches that aren’t included in the deal? What does the future hold for them?