logo_sm.gif (4042 bytes)
Your Source for Up-To-Date News and Research on the Collision Repair Industry 

Subscribe to INSIGHT Editor's Desk News Alerts
click here to subscribe to the FREE INSIGHT Editor's Desk News Alert Email

lftspace.GIF (57 bytes)
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
Technical Info

Market Watch Rates
INSIGHT Inside this month's issue...
Letter to the Editor
cntspace.GIF (53 bytes)
Monday October 22

LKQ Corporation Completes Acquisition of Keystone Automotive Industries

LKQ Corporation completed its previously announced acquisition of Keystone Automotive Industries, Inc. on October 12, 2007. As a result of the merger, Keystone is now a wholly-owned subsidiary of LKQ Corporation and Keystone stockholders will receive $48 in cash for each Keystone share they held prior to the closing. Ronald Foster, the former Chairman of the Board of Keystone, and Rick Keister, the former President and Chief Executive Officer of Keystone, were appointed to LKQ's board of directors upon completion of the merger.

"We are delighted to complete our merger with Keystone," said Joseph Holsten, President and Chief Executive Officer of LKQ Corporation. "This merger creates an alternative replacement parts business with over $1.6 billion of trailing annual revenue. Keystone's aftermarket product line is a perfect complement to LKQ's leading presence in the recycled parts marketplace. We now have an expanded national network of nearly 300 facilities that allow us to offer readily available, high quality recycled, refurbished and aftermarket collision repair parts to our customers. We are proud to be the nation's leading supplier of aftermarket collision parts, recycled OEM parts, refinished alloy wheels, and refinished plastic bumper covers."

©2007 Collision Repair Industry INSIGHT
All Rights Reserved



Sherwin-Williams Automotive Finishes

DuPont Automotive Refinish

Spies-Hecker Automotive Refinish

PreFab Ads

Akzo Nobel

National Auto Body Council
INSIGHT Supports the NABC!
Do You?