That’s quite a reaction to the news that Andrew Page has bought Camberley Auto Factors.
The key member of the Parts Alliance was ‘snapped up’ today in a move which instantly gives Andrew Page a significant presence in the south.
One factor said: “They’re coming, are they? Oh God, it’s going to be a hell of a fight! It’s a call to action I suppose, we’d better get ready.”
I put ‘snapped up’ in inverted commas since deals like this aren’t done on a whim, of course. It’s tempting to think that the groundwork might have taken almost a year since Duncan Wilkes has also today been announced as Andrew Page’s new non-executive Chairman. Wilkes’ departure as the boss of the Halfords Nationwide Autocentre chain was signalled last August.
Perhaps I’m putting two and two together to make five on that one, but I’m just avoiding doing the sums on how Steve Fulford at the Parts Alliance must be feeling to see his biggest member bought.
What does it mean for the Parts Alliance? How was CAF bought from under its nose?
We’re still yet to hear from PA but it’s safe to say Page has made what you might call a rather audacious move.