CMA decides on ECP/Andrew Page merger

Published:  31 October, 2017

Euro Car Parts’ acquisition of Andrew Page has been approved by the Competition and Markets Authority (CMA), subject to the sale of  nine depots.

The CMA found that the purchase of Andrew Page could lead to higher prices or lower levels of competition in Blackpool, Brighton, Gloucester, Liphook, Scunthorpe, Sunderland, Wakefield, Worthing and York. ECP must sell a depot in each area to a purchaser approved by the CMA for the merger to progress.

Professor Alasdair Smith, Inquiry Chair, said: “Following an in-depth investigation, we have found that this merger has the potential to drive up prices or reduce levels of service for customers in nine local areas. That’s why we are requiring a depot in each area to be sold to a buyer approved by the CMA.

“Outside of these areas, we did not find that the merger will further reduce competition compared to what would have happened if Euro Car Parts had not purchased Andrew Page.”

Sukhpal Singh, chairman of LKQ UK & ROI, commented:  “We are genuinely thrilled the future of the Andrew Page business has been secured, which celebrates its UK centenary this year. We remain committed to assuring that the Andrew Page ‘brand’ continues to thrive and remains separate from Euro Car Parts, but will benefit from our UK infrastructure, inventory and the financial support from the LKQ Corporation.

Martin Gray, CEO of Euro Car Parts, stated: “Euro Car Parts will continue to work with the CMA to bring this process to a conclusion and will update as appropriate.  We are delighted that approval has been clarified. This will provide welcome direction and confirmation for our customers, employees, suppliers and shareholders.”

ECP bought most of the Andrew Page business in October 2016, after the company went into administration.

Related Articles

  • Andrew Page to supply new Castrol GTX range  

    Andrew Page and Castrol have entered into a partnership to supply the new Castrol GTX range, which celebrates its 50th anniversary in 2018.

  • ECP says prepare for Euro 6 now and profit later 

    Euro Car Parts is advising repairers that carry out MOT testing to make sure their emissions analysers comply when new emissions standards come in later this year.

  • WIN with MEYLE 

    Merry Christmas from MEYLE! 2018 was a special year: Wulf Gaertner Autoparts, the parent company of MEYLE, was able to celebrate its 60th -anniversary. The company’s aim is to support the independent aftermarket with better parts and solutions – reliable as a friend. With its three product lines – MEYLE-ORIGINAL, MEYLE-PD and MEYLE-HD – MEYLE offers precise solutions and parts for every situation and every driver, from competent workshop employee and ambitious rally driver to classic car enthusiast and every driver around the world, who needs to be able to rely on their own car.

  • Going the distance 

    Eicher brake parts, supplied exclusively in the UK by Euro Car Parts, covers 97% of the UK vehicle parc. The range has more than 1,000-part numbers, a figure which has more than doubled in recent years, backed up by Euro Car Parts’ delivery network and its 24-month, 24,000 miles guarantee.The most recent Eicher applications include front brake pads on Ford Mondeo models introduced from 2014, rear brake pads for Nissan Qashqai models manufactured from 2016 and front brake pads for Mercedes C-Class models manufactured from 2014 onwards.

  • Morris Lubricants ambassador Rebecca Jackson offers a guiding hand to car buying in new TV series 

    Morris Lubricants ambassador Rebecca Jackson is presenting Modern Wheels or Classic Steals, a new series on TV channel Dave where, together with Elo King (the owner and founder of The London Motor Museum), she will guide confused buyers to find their ideal car, whether it be a contemporary vehicle or a vintage ride.

Most read content


Search

Sign Up

For the latest news and updates from Aftermarket Magazine.


Poll

Where should the next Automechanika show be held?



Facebook


©DFA Media 1999-2018