April 19, 2017
UAP Inc.’s Heavy Vehicle Parts Division has acquired the distribution activities of Service de Freins Montréal Ltée (Freno). The move was announced Wednesday.
The four Freno stores located in Anjou, Boucherville, St-Laurent and Mirabel will be integrated into UAP’s Traction store network, as well as all of the employees involved in sales, distribution and delivery.
UAP Inc. has announced the acquisition of the assets of Buy-Rite Truck Parts Inc. (Buy-Rite), located in Mississauga, Ontario, effective December 6, 2016. Founded in 1988 ...
In addition, UAP and Freno have concluded a strategic agreement to accelerate the sales growth of remanufactured clutches and specialized radiators manufactured by Freno. UAP says the agreement also covers parts supply by UAP’s TW distribution center located in Longueuil, for the needs of Freno. Finally, Freno’s heavy-duty vehicle repair center located in Anjou will join the TruckPro network, which counts more than 125 repair centers in the Canada.
“We are very pleased to welcome the Freno team to our Traction network,” says Pierre Rachiele, executive vice president, Heavy Vehicle Parts Division, UAP. “There are numerous synergies between our two companies and this agreement will allow us to better meet the needs of our customers and continue our growth.”
This is the third acquisition in recent months for UAP’s Heavy Vehicle Parts Division.