FinishMaster, Inc., a subsidiary of Uni-Select Inc, a leading distributor of automotive products in Canada, announced that it has completed the acquisition of substantially all of the assets of ColorMaster Automotive Paint, Inc. This transaction was initially announced on Dec. 28th, and its consummation was subject to certain customary closing conditions, all of which have been satisfied on this date.
“We are happy to welcome more than 76 new team members to the FinishMaster family,” said Steve Arndt, president and COO, FinishMaster. “Our combined efforts will accelerate growth in new geographic areas and maximize our service, product, and technical support to new and existing customers.”
Henry Buckley, president and CEO of Uni-Select, added, “This acquisition of a leading regional player in the automotive refinish sector is a key strategic addition to our portfolio.”