Scunthorpe-based FMS Autoparts is the latest company to join AAG UK as a wholly-owned subsidiary.
The single-branch factor can trace its roots back to 1987 when the company was founded as Frodingham Motor Spares. A pivotal moment occurred in 2000 when the company moved to its present 10,000 sq ft site, which includes a large modern factor warehouse and a good size public accessory shop.
The company in its most recent form was incorporated in 2011 and owned and run by the Lally family.
As reported last month, the Alliance Automotive Group has made a number of significant acquisitions throughout 2018 including Motorcare Motor Factors, Lloyds Motor Spares and battery distributor Platinum International.
While it seems a shame to see yet another independent factor bought by a national, the bigger concern is where is all the money coming from and what will happen when it needs to be paid back?
Cheap borrowed US Dollars – driving three operators trying to become a / the dominant national. Remember, the UK has a horrific record of nationals all getting it wrong.
Time will tell.