Andrew Page aquires Solid Auto

Factor hopes to increase share of Asian car-parts market

Published:  21 March, 2016

Factor group Andrew Page has bought Solid Auto (UK) in a bit to build its plans to become Britain’s leading distributor of Japanese and Korean car parts.

The company hopes the deal will also allow it to increase its presence as a growing player in the supply of parts in the UK. According to the company, the acquisition will also strengthen Andrew Page’s sourcing capability in China and the Far East. Chairman Jim Sumner comments: “Birmingham-based Solid Auto has established a very good reputation as a specialist supplier over the last three decades”.

Japanese and Korean cars make up around 20 per cent of the UK car market. Sumner adds: “We are very strong in American, UK and European marques. There is a very good growth opportunity for us in Japanese and Korean car parts. We are actively pursuing a differentiation strategy. Our key brands are increasingly differentiated from what competitors are offering and acquiring Solid Auto drives that further. Our goal is to be the UK’s leading specialist Japanese and Korean car parts player.”

Mark Price, managing director of Solid Auto, said: “I am confident there will be significant benefits across the group given our expertise in Far East sourcing and detailed understanding of the market.”

Andrew Page, which is owned by Colton Mill Holdings, has also published new annual results showing a 12% increase in turnover to £192 million. In the first full year since its refinancing in 2014, the company reported a doubling of EBITDA to £9.6m in the 12 months to September 30th 2015.

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