LKQ Corporation's United Kingdom subsidiary Euro Car Parts has acquired substantially all the business assets of automotive parts distributor Andrew Page.
As part of the transaction, Euro Car Parts will acquire 102 Andrew Page branch locations, its national distribution centre and corporate office.
Martin Gray, UK CEO of LKQ Corporation, 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.”
He added “I am thrilled to confirm that Mark Saunders will remain as managing director of Andrew Page and we are committed to retaining all team members – they are the DNA that makes Andrew Page so uniquely special."
Sukhpal Singh Ahluwalia, UK chairman and LKQ board member, added “The acquisition by LKQ firmly demonstrates our ongoing commitment to the UK market, which includes their investment in the Euro Car Parts brand new 1.6m sq. ft. distribution centre, located in Tamworth and our recent acquisition of Arleigh, a specialist leisure wholesaler. “