Stuart Schuette, ATD president and CEO, said the conclusion of the deal gives ATD more "resources, focus and flexibility" to build and accelerate its transformation.
"We are driving our strategy forward, rolling out new tools and capabilities and delivering even more connected automotive solutions for the customers and manufacturers we serve," Schuette said. "Across ATD, we are excited to continue leading the pace of change in our industry by providing even more connected and better products and services than ever before."
Terms of the deal — the most significant acquisition in the 40-year history of Montreal-based Groupe Touchette — were not disclosed. The transaction includes 26 NTD distribution centers across Canada, giving Groupe Touchette access to 52 D/Cs, in just about every province.
With the transaction complete, Groupe Touchette will serve all major manufacturers and supply customers across Canada.
While announcing the acquisition on July 13, Nicolas Touchette and Frédéric Bouthillier, co-owners at Groupe Touchette, said they are "thrilled" to welcome NTD under the Groupe Touchette umbrella.
"In these challenging times, and in this ever-evolving industry, the environmental and technological realities bring a high complexity on a 360-degree perspective," the pair said in a statement. "Groupe Touchette's plan is to offer powerful solutions that drive efficiencies and streamline the supply chain for the benefit of customers, consumers and manufacturers. NTD's addition will help us reach our goal to best serve Canadians."
George McClean, president of NTD, said the transaction will benefit NTD, its "associates, business partners, customers and, ultimately, Canadian drivers."
"We are grateful to have been a part of ATD and for their vision, innovation and operational support that have positioned us for continued growth and success," McClean said. "Looking ahead, we are excited to become a part of Groupe Touchette, and we will work together to surpass the growing needs of our customers and consumers in Canada while increasing supply chain efficiency and reducing emissions."