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Factors

Ten Andrew Page stores close as part of CMA ruling

Ten Andrew Page stores close as part of CMA ruling

Factors, News
Following a ruling from the UK Competitions and Mergers Authority (CMA), LKQ has closed 10 Andrew Page stores with immediate effect. The US company, owner of Euro Car Parts, purchased Andrew Page and its 102 branches in October 2016. However the acquisition caught the eye of the UK authorities, which was concerned that the company would own a monopoly in the industry. Preliminary findings, published in September last year, revealed that customers could lose out in ten areas by limiting competition. A statement released by the chair of the CMA enquiry, Alasdair Smith, at the time said: “Andrew Page was in administration and would have closed down if a purchaser had not been found. The only two other purchasers would have bought a much smaller number of depots. We think that in mos