Kwik-Fit Buys Majority Of Montinex
It has been confirmed that Kwik-Fit has purchased the “vast majority” of depots which made up the Montinex group retail chain. Montinex was put up for sale by the Administrative Receiver in early August and the deadline for receipt of bids was 18th August. The Kwik-Fit deal was finalised less than two weeks later. Kwik-Fit would not reveal the exact number of centres involved, but said that the company would study them in detail in order to determine the best way forward for each – at this early stage no decisions have been made.