Fleet Brake To Acquire Assets of Page Brake Warehouse
Jan 24, 2012 1:36 PM
Fleet Brake has entered into a binding letter of intent (LOI) to acquire the assets of Page Brake Warehouse and its related entities.
It is intended by the parties that the LOI will be superseded by a formal definitive agreement with closure expected prior to January 31.
It is Fleet Brake’s intention to re-open the Page Brake locations as branches of Fleet Brake USA L.L.C. Lee Greer, a former principal of Greer’s Truck Parts (acquired by Page in 2005) and a former branch manager, regional manager and operations manager of Page Brake, has partnered with Fleet Brake to lead U.S. operations. Fleet Brake will provide further updates by way of news releases when a formal agreement is signed. This LOI is entered into subject to approval of the State of Utah’s courts.
“We look forward to expanding our network to service the Rocky Mountain region. We intend to maintain and build on Page Brake’s history and reputation of service and dependability,” says President of Fleet Brake, John Bzeta.
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