Your Source for Up-To-Date News and Research on the Collision Repair Industry
click here to subscribe to the FREE INSIGHT Editor's Desk News Alert Email
SUBSCRIBERS-ONLY
Today's News
INSIGHT This Month
INSIGHT Archives
Survey Center
Letter to the Editor
Business Tools
Subscription Information
CSI Reporting
Financial Analysis
IRS Audit Guide
Management/
Technical Info
Market Watch Rates
INSIGHT Inside this month's issue...
Feedback
Letter to the Editor
Wednesday April 13
LKQ Acquires South Carolina Recycled Auto Parts Facility
LKQ Corporation has acquired A&R Auto Parts, Inc., a privately held company that operates a recycled OEM automotive replacement parts facility. Terms of the transaction were not disclosed.Located between Spartanburg and Greenville on forty acres of land near Duncan, South Carolina, A&R will service the greater Spartanburg and Greenville markets and provide a strategic link within LKQ's network of recycled parts facilities.
"Our investment in A&R expands our recycled operations in the southeastern states and vastly increases the inventory available to our customers in the Mid-Atlantic region," said Joe Holsten, LKQ's President and Chief Executive Officer.
A&R's revenue for the twelve months ended December 31, 2004 was approximately $11 million. We expect this business will provide approximately $0.02 in diluted earnings per share to LKQ in 2005.
LKQ Corporation is a nationwide provider of recycled OEM automotive replacement parts and related services, with 46 sales and processing facilities, 8 self-service retail automotive parts facilities and 12 redistribution centers that reach most major markets in the United States. In addition, 3 facilities are located in Central America.
©2005 Collision Repair Industry INSIGHT
All Rights Reserved
FEATURED
LINKS:
INSIGHT Supports the NABC!
Do You?