Leeds-based Andrew Page, a provider of diagnostics, workshop equipment, tools and auto parts, continues to be obtained by US-based LKQ Corporation.
Andrew Page was set up in 1917 and it's 109 websites now. Independent garages are mainly supplied by the organization.
Chairman of Andrew Page, Jim Sumner, said: “The tactical acquisition recognises that Andrew Page is a solid company using a brand that is historical.
Andrew Page employs 2,000 full time and part time staff.
Mr Sumner included: “The investment additionally emphasizes the continuing attractiveness for foreign buyers of British companies.”
Once the deal was finished, Mr Sumner, who'll stand down, said he wanted the brand new owners the best for the long run.
LKQ is an S&P500 business listed The company possesses Auto Parts Directory in Malaysia and is an important motor components provider in america.
This places us in a powerful place for the future and is a whole lot for its own workers and Andrew Page.
“we're getting excited about working at an exciting time for the motor components with LKQ sector, which will be experiencing consolidation throughout Europe.”
“I 'm pleased to support the future of the Andrew Page company continues to be ensured, which observes its centenary next year that is UK.
“We stay committed to ensuring the iconic Andrew Page brand can stay different from Euro Car Parts and proceeds to flourish, but will reap the benefits of stock our UK infrastructure and also the financial support in the LKQ Corporation.”
No comments:
Post a Comment