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PPG Industries, through a European subsidiary, has agreed to purchase the bodyshop distribution business of Unipart Automotive. The transaction is expected to close on or about January 31, 2008. The business will operate as a subsidiary of PPG under the name Brown Brothers Distribution UK Ltd. Financial terms were not disclosed.
The acquisition includes 34 distribution branches that supply refinish paint to bodyshops. In addition, acquired assets are to include inventory, selected equipment, brand names and customer lists. Following the change of ownership, approximately 475 Unipart Automotive bodyshop employees will transfer with the business under Transfer of Undertakings (Protection of Employment) (TUPE) regulations.
For more information, visit www.unipart.co.uk or www.ppg.com.
The acquisition includes 34 distribution branches that supply refinish paint to bodyshops. In addition, acquired assets are to include inventory, selected equipment, brand names and customer lists. Following the change of ownership, approximately 475 Unipart Automotive bodyshop employees will transfer with the business under Transfer of Undertakings (Protection of Employment) (TUPE) regulations.
For more information, visit www.unipart.co.uk or www.ppg.com.
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