ECP acquires Andrew Page
LKQ Corporation’s UK subsidiary, Euro Car Parts has acquired substantially all the business assets of Andrew Page Ltd.
As part of the transaction, Euro Car Parts will acquire 102 Andrew Page branch locations, its national distribution centre and corporate office.
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.’
Gray 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.’
UK chairman and LKQ board member Sukhpal Singh Ahluwalia added, ‘As a competitor, I have always had the greatest respect and admiration for Andrew Page and the brand. So today, I’m absolutely delighted to welcome them into the LKQ family.’