Unipart Automotive is no more: Lengthy rescue talks fail and 1200+jobs are lost Andrew Page/Parts Alliance JV saves 33 branches

摘要

After two weeks of intensive rescue talks, on Thursday 25th July, Unipart Automotive announced that it and its private equity owners (H2 Equity Partners) had failed to find a buyer for the loss-making company and had therefore called in administrators KPMG. Before that news made it to press, the administrators sold a comparatively small part of the business to a newly formed joint venture made up of car parts/workshop equipment distributors Andrew Page and The Parts Alliance. The deal sees Andrew Page acquire 21 branches and The Parts Alliance a total of 12. A total of 361 staff employed across these sites have transferred to Andrew Page and The Parts Alliance with immediate effect. Andrew Page announced it had rejoined The Parts Alliance on 8 July, the same day the news broke that Unipart Automotive had put the administrators on alert and was seeking out a rescue plan.