Partly Cloudy

Partly Cloudy

max temp: 23°C

min temp: 12°C

ESTD 1874 Search

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.

shares

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.

shares

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

Stephen Rose, SSE head of offshore wind generation

The man tasked with ensuring the smooth operation of a £1.6bn windfarm off the Suffolk coast has explained the challenges of overseeing 140 turbines capable of powering half-a-million homes and the contractual “crossroads” his firm faces next year.

Students at UCS in Interior Architecture and Design, have been taking part in a design competition to design an entrance canopy for the St Edmunds House apartments in Rope Walk.
Ross Carroll, director of Crown House Homes, left, with course tutor Dr Liana Psarologaki, and Annali Hubbard of Palmer & Partners estate agents, and some of the course students, Elliott Jones, Bryony Briggs, Dan Hutton, Amy Schuller and Michelle Villar

Apartment developers hold a design competition with university students

A member of staff at N2S bagging up scrap computer components ready for further destruction and recycling.

A Suffolk-based computer equipment lifecycle management company is celebrating after achieving accreditation allowing it to work at the highest level of Government.

Culture Secretary John Whittingdale, left, visiting Ipswich company IJYI.

Culture Secretary John Whittingdale has urged more small and medium-sized businesses in and around Ipswich to sign up to a scheme which provides the funding for the infrastructure they need to get fast broadband connections.

Post Office

The Post Office in a Suffolk town is moving to new premises, and will offer longer opening hours.

Dame Fiona Kendrick:, chief executive of Nestlé  UK & Ireland

Food giant Nestlé has announced plans to close its defined benefit pension scheme, sparking the threat of industrial action.

The Treasury has sold another 1% stake in Lloyds Banking Group.

The taxpayers’ stake in Lloyds Banking Group has fallen to below 16% after the Government sold off another tranche of shares.

The installation of solar panels on the roof of Precision Marketing Group's premises in Lamdin Road, Bury St Edmunds

A Suffolk-based firm will be among the organisations taking part in a nation-wide celebration of solar energy tomorrow.

Candy Gaga'’s Wanda Hewell, right, and daughter, Cherish.

Tower Ramparts in Ipswich now has its very own castle – thanks to the success of a local sweet shop business.

Stansted Airport

A report into the future of Britain’s airports does not rule out a second runway at Stansted – and raises fears of extra night flights to the Essex airport.

Most read

Most commented

Topic pages