Andrew Page continues rapid growth with Camberley buy
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Vehicle components business Andrew Page has taken its number of branches to over 90 following the acquisition of Camberley Auto Factors.
Private equity-backed Andrew Page's national expansion, which has seen in double in size in two years, has been boosted by the purchase of Camberley Auto Factors, a fellow auto parts company.
Leeds-based Andrew Page was subject to a management buy-out back in March 2010 when the now managing director, Mark Roberts, led the deal. Supported by investment firm Phoenix Equity Partners, the deal was worth £101.7 million.
According to the business, the acquisition of Camberley is part of its expansion programme, with the two companies having a 'shared vision of delivering quality service'. The two are said to be compatible and provide a number of synergies.
Roberts comments, 'We now anticipate building [...] and continuing our national growth strategy with our new chairman, Duncan Wilkes, together with the team at Phoenix working alongside us.'
New non-executive chairman Wilkes comes to Andrew Page having previously been CEO of Nationwide Auto Centres, a chain of 220 car service centres.