Andrew Page has bought Solid Auto (UK) for an undisclosed sum as part of its growth strategy in the car parts market.
Andrew Page chairman, Jim Sumner, said: “Birmingham-based Solid Auto has established a very good reputation as a specialist supplier over the last three decades.”
Japanese and Korean cars make up around 20 per cent of the UK car market.
Sumner added: “Our key brands are increasingly differentiated from what competitors are offering and acquiring Solid Auto drives that further.
“Our goal is to be the UK’s leading specialist Japanese and Korean car parts player.”
Mark Price, managing director at Solid Auto, said: “I am confident there will be significant benefits across the group given our expertise in Far East sourcing and detailed understanding of the market.
“I believe there is a great cultural fit between Andrew Page and Solid Auto.”
Andrew Page, which is owned by Colton Mill Holdings, has also published new annual results showing a 12 per cent increase in turnover to £192m.
