UAP signs deal to expand parts network
MONTREAL — UAP has entered into a binding agreement with Uni-Select, and its subsidiary Palmar, to acquire a number of Palmar Truck Parts locations.
In total, 18 locations will join the UAP network and the transaction is expected to close by Aug. 17.
According to UAP, the new stores will allow the company to pursue its growth strategy and strengthen its position as a leader of Canada’s aftermarket auto parts and truck and heavy vehicle parts industry.
By adding these stores, UAP plans to better serve its current and future customers with a stronger presence in several regional markets, notably in Quebec, Ontario and the Atlantic provinces.
The Palmar stores will gradually be integrated into the 84 Traction stores network and the three TW Distribution Centres of UAP Heavy Vehicle Parts Division.
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