Overcast

Overcast

max temp: 14°C

min temp: 10°C

ESTD 1874 Search

The pigs are coming. Find out more about

Pigs Gone Wild

here.

Bury St Edmunds: Euro Car Parts acquires former Unipart branch from administrators

12:00 11 August 2014

Euro Car Parts has acquired 27 former Unipart Automotive branches.

Euro Car Parts has acquired 27 former Unipart Automotive branches.

More than 100 ex-employees of Unipart Automotive, which went into administration last month, have been offered the prospect of new jobs following the acquisition of 27 of the company’s former branches.

The locations, including sites in Bury St Edmunds, Norwich and Cambridge, have been acquired by car and light commercial vehicle parts distrubitor Euro Car Parts (ECP) following talks with the administrators, from accountancy firm KPMG.

The deal takes the ECP network to 194 branches, and the company has not ruled out the possibility of acquiring more of the former Unipart Automotive sites.

“We are delighted to have acquired these 27 branches and may yet acquire more,” said Martin Gray, ECP chief executive,

“Most importantly, we are optimistic that many ex-Unipart employees from these locations will now join Euro Car Parts. We look forward to helping them to continue their aftermarket careers and bring an end to the uncertainty and stress these past weeks have brought them and their families.”

Mr Gray added that offers had been made to more than 100 former Unipart employees, with ECP planning to create 1,500 new positions over the next 12 to 18 months.

Nearly 1,250 people, including more than 100 in the East of England, were made redundant following last month’s appointment of administrators at Unipart Automotive, one of the UK’s largest independent suppliers of car parts.

The company, based at Solihull in the West Midlands, operated 180 branches and distribution hubs trading under the Unipart Automotive, Partco Autoparts and Express Factors identities.

A total of 21 branches, including those in Ipswich, Felixstowe and Colchester, were sold by the administrators to Andrew Page, another of the UK’s largest distributors of car parts and workshop equipment, and a further 12 to The Parts Alliance, saving around 360 jobs.

However, 1,244 employees, out of a group total of 1,813, were made redundant, with around 200 members of staff being retained to assist the administrators.

Unipart Automotive is a separate company from the Unipart Group, which manufacturers spare parts, having been sold in 2011 to H2 Equity Partners.

0 comments

Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files
Comments

Please log in to leave a comment and share your views with other East Anglian Daily Times visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by East Anglian Daily Times staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique East Anglian Daily Times account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

The Inspirations shop in Wickham Market,owned by shareholders in the community, is now officially open. Nick Denny from the Co-op cut the ribbon.

The much anticipated transformation of a Suffolk village’s former supermarket into a new community retail venture was celebrated this week - four years after the site was last in use.

New-build utility connections specialist Brookfield Utilities has reported increased annual profits.
Photo: Rui Vieira/PA Wire

Annual profits at Suffolk-based Brookfield Utilities have increased by more than one-third as it continues to add to the number of properties it connects.

Curtis Banks Group chief executive Rupert Curtis (left) with Will Self, managing director of Suffolk Life, outside the company's offices in Princes Street, Ipswich.

Self-invested personal pensions (SIPP) specialist Curtis Banks Group has completed the £45m acquisition of Ipswich-based Suffolk Life from Legal & General (L&G).

Dan Everitt, managing director of MSC UK.

Dan Everitt, managing director at the Mediterranean Shipping Company’s UK headquarters in Ipswich, has been named Multimodal Personality of the Year at a leading industry awards ceremony.

UCU National Executive Member Steve Sangwine of Essex picketing

University staff in Suffolk and Essex took part in the first of two planned days of strike action yesterday, in a dispute over pay.

Most read

Great Days Out

cover

Click here to view
the Great Days Out
supplement

View

Most commented

HOT JOBS

Show Job Lists

Streetlife

Newsletter Sign Up

Great British Life

Great British Life
MyDate24 MyPhotos24