Transit, the large auto parts manufacturer and distributor in Eastern Canada, has announced its acquisition of Montreal-based Unitool, which specializes in the distribution of hand tools, toolboxes and equipment for the automotive, industrial and construction sectors.
With this acquisition, Transit aims to enhance its product portfolio with a brand recognized for its quality.
Unitool has been serving the market since 1970 and offers more than 4,000 products.
“I believe this acquisition will be a win-win situation for our customers and those of Unitool, as everyone will have access to a wider range of automotive parts and accessories,” says Stephan Guay, President of Transit.
“The two companies will be merged gradually during the year, which will enable us to continue providing the best service to all our customers.
“Moreover, I am pleased to welcome Mr. Jay Tutunjian, President of Unitool, to the Transit team as of March 1st. Having Jay on board with us will certainly help to ensure a smooth transition,” says Guay.
Acquiring Unitool is part of an expansion strategy that Transit has initiated with the tripling in size of its main distribution center in Levis, Quebec, and entering the planning phase of automating part of its operations.
About Transit inc.
Transit is an automotive parts manufacturer and distributor based in Lévis, QC with eight branches, from Newfoundland to Ontario. Founded in 1971, Transit offers a wide selection of premium quality automotive parts and accessories and owns over 26 trademarks in its product portfolio.
For more information, visit www.transitinc.com.