ECP adds crash repair warehouse, 10 new branches
Euro Car Parts reports that it has invested in a second storage facility, following the opening of its National Distribution Centre in Tamworth, Staffordshire in 2010. The 141,000sqft warehouse in Swadlincote, Derbyshire will primarily store crash repair stock including Platinum Plus product lines and the company has signed a 10-year lease agreement with GE Capital Real Estate for the Tetron Point distribution unit. ECP has continued to expand its network too, with 10 new locations announced. They are anticipated to open in the fourth quarter of 2012.
Managing director, Sukhpal Singh Ahluwalia, commented: “Our state-of-the-art 500,000 sq.ft. National Distribution Centre in Tamworth opened only two years ago, so it is a sign of our remarkable progress that we already need significantly more capacity. Swadlincote is only 15 miles down the road, and will enable us to distribute even more efficiently.
“The two main drivers behind the move were: 1) meeting the needs of our fast-expanding network; 2) providing a dedicated storage facility for our LKQ-backed Collision Repair programme.
“The network expansion continues apace and I am pleased to announce that Burnley, North Wales, Crewe, Southport, Rotherham, Kettering, Banbury, Hereford, Truro and Eastbourne will soon be enjoying the benefits of a local Euro Car Parts branch. We are on schedule to have 130 branches by the end of this year, all providing services that our competitors simply can’t match.
“Supplying crash repair hard parts is a whole new area for us and our Platinum Plus range is set to revolutionise the sector. It is the first programme in the UK to cover panels and bumpers under one brand and it includes a lifetime warranty, a ‘no quibble’ returns policy and a ‘Certificate of Matching Quality’ to meet PAS125 standards. We also now stock three million bodyshop products, so you can see why we need more space.
“After taking advice from research specialist CBRE, we chose P141 Tetron Point over other competing buildings due to its convenient location, and a very high build quality.
“A unique ‘zero cap ex package’ allows us to fit-out the building to our exact operational requirements, ensuring maximum efficiency. GE Capital understands our business and has worked closely with us to quickly accommodate our needs, as proven by the incredibly fast turnaround. The whole acquisition process took less than four weeks from initial search to completion of the lease.”