Unipart Group addresses Unipart Automotive confusion
Unipart Group wishes to make clear that it is a separate entity to Unipart Automotive. The company has published the following statement on its website: “Recent press coverage has confused Unipart Automotive with Unipart Group. It is important to note that Unipart Group and Unipart Automotive are different companies.
“Unipart Automotive, the branch network which was previously known as Partco, was sold by Unipart Group to H2 Equity Partners in 2011. Unipart Group retained an equity stake, but a condition of the sale was that Unipart Group exercised no control over the business. Unipart Automotive was granted a restricted licence to use the Unipart brand on a limited range of wholesale outlets and a tightly controlled range of automotive car parts.”
In a prior statement, released earlier this month, Unipart Group’s director of corporate affairs, Frank Nigriello, wrote that Unipart Group “continues to have a strong balance sheet and strong growth with a range of blue chip clients in its core business in manufacturing, logistics and consultancy sectors globally.”