Uni-Select Inc. and Le Groupe Canam Manac Inc. Finalize Their Transaction
BOUCHERVILLE, Quebec–(BUSINESS WIRE)–Dec. 23, 1997– UNI-SELECT INC. (ME:UNS.) (TSE:UNS.) Uni-Select Inc. is pleased to announce that Palmar Inc. and Le Groupe Canam Manac Inc. have concluded an agreement providing for the appointment of Palmar as the exclusive distributor of trailer replacement parts for Manac, a division of Le Groupe Canam Manac Inc.
Palmar, the heavy duty division of Uni-Select Inc., operates a network of 20 corporate stores throughout Quebec, Ontario and the Maritimes and to serve the added business from Manac it has opened new points of sale in Mississauga, Ontario and Drummondville, Quebec and it plans to open two other premises, one in St-Romuald, Quebec and the other in the Lac St-Jean region. Palmar estimates that additional annual sales of approximately 20 million dollars will result from the agreement with Manac. Palmar estimates that it sales will exceed 70 million dollars in 1998.
Uni-Select Inc. is a public company specializing in the wholesale distribution of replacement parts for motor vehicles. Uni-Select shares (UNS) are listed on the Montreal Exchange and the Toronto Stock Exchange. It operates distribution centers across Canada and enjoys annual sales of close to 400 million dollars.
CONTACT: UNI-SELECT INC.
Mr. Jacques Landreville, 514/ 641-6904
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