Kwik Fit sold

3 March 2011  

Employees at fast-fit firm Kwik Fit are set to see a new name on their payslip following the sale of the company from PAI Partners to Japanese investment firm Itochu

The 637m deal  makes Itchou the fourth owner since 1999. The former owner, PA, bought the chain for a reported 800m from another investment firm back in 2005.

Itochu is no stranger to the rapid fit business, as it it the current owner of rival chain Stapleton Tyres.