Jan. 6, 2011--FinishMaster Inc. shareholders on Wednesday approved its merger with Uni-Select Inc.
FinishMaster commanded a price of $217 million in the merger, which will close on or around Jan. 11. FinishMaster will receive $21 cash per share without interest.
FinishMaster will continue to operate in Indianapolis. Uni-Select is headquartered in Montreal.
FinishMaster is a U.S. independent distributor of automotive paints, coatings and related accessories to the automotive collision repair industry. It operates three major distribution centers and 162 branches in 39 American metropolitan areas.
Uni-Select distributes automotive replacement parts, equipment, tools and accessories. Uni-Select USA Inc., a subsidiary of the Company, provides services to customers in the United States, where it is the sixth largest distributor. The Uni-Select Network includes more than 2,500 independent jobbers and services 3,500 points of sale in North America.
