On Friday 1 September 2017, our client, Sulco, announced the sale of its business to GPC Asia Pacific, the world's largest automotive after-market parts business.
After 45 years of ownership, Ed and Brenda Higgins elected to sell GPC, with a view to retiring within six months following completion.
Sulco is one of New Zealand's leading suppliers of:
Automotive workshop equipment.
Specialist automotive and mechanical hand tools; and
Specialty service tools.
Following completion of the transaction all of Sulco's 67 staff continued to work for the company, and operate from Sulco's modern 5,000 square metre office and warehouse facility in Wiri, Auckland.
Ed Higgins was delighted with the result; selling to a large, reputable company after so many years of hard work. "It is a pleasure to sell to the worlds largest and most reputable automotive parts supplier."
'Maintaining the Sulco brand, and knowing all staff will remain employed and GPC's ongoing commitment to their training and development, gives me great comfort.'
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