Following weeks of rumours and uncertainty, it has today been announced that US firm LKQ Corporation has acquired the Leeds-based Andrew Page Limited parts distribution organisation.
In a statement just released to its customer-base, Mark Saunders, Andrew Page CEO, confirmed that it had been purchased by the American collision parts business and poured water on rumours that the company, which celebrates its 100th birthday next year, may not be in existence by the time that milestone arrives, stating: “I can assure you that Andrew Page is not about to be merged with another company, nor will it turn into a copy of anyone. I am impressed and excited with the vision that LKQ have for Andrew Page, using their global scale and resources to help us become stronger.
“In short, the gossip about the future of Andrew Page couldn’t be further from the truth. We have a bright, exciting future, backed by one of the largest and most capable players in the global automotive aftermarket. With their help, and with the know-how of our people, we plan to be around for the next 99 years, doing what we’ve always done – serving our customers!”
LKQ Corporation is best known to the UK market as the parent firm of Euro Car Parts (ECP). The deal will see it acquire substantially all the business assets of Andrew Page Limited and, as part of the transaction, Euro Car Parts will acquire 102 Andrew Page branch locations, its national distribution centre and corporate office.
ECP’s UK CEO. Martin Gray said: “I am delighted to confirm that the future of the Andrew Page business has been secured, which celebrates its UK centenary next year. We remain committed to assuring that the iconic Andrew Page “Brand” continues to thrive and will remain separate from Euro Car Parts, but will benefit from our UK infrastructure, inventory and the financial support from the LKQ Corporation.”
We’ll have more news as we get it……
