KPMG has been confirmed as the administrator of Unipart Automotive. As reported, the majority of branches will close with immediate effect, with the loss of around 1,300 jobs. The affected branches are listed below.
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 Car Parts.
Itâ€™s only a few months since CAT last went to have a chat with John Neill, boss of Unipart Automotive. At that time he had already been approached by a private equity firm that wanted to buy a stake in the business. Neill didnâ€™t let on. With the sale gone through, we assess whether Unipart is still tilting the right way.