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Letter to the Editor
Tuesday February 26
Copart to Acquire Simpson Bros. Salvage in the UK
Copart, Inc., through its subsidiary in the United Kingdom (UK), has entered into a definitive agreement to acquire Simpson Bros. Salvage in the UK. This latest addition to Copart’s growing UK footprint will mark the company's eleventh facility in the United Kingdom and its 139th worldwide.Simpson Bros. Salvage operates on a 42-acre site located at Full Sutton Industrial Estate, Stamford Bridge, York. Copart expects the acquisition to be completed by early April.
“We expect this facility, when acquired, to greatly expand our operational capacity and enhance our coverage of the UK,” stated Willis J. Johnson, Chairman and CEO of Copart. “It will also expand our footprint so we can better serve our customers by being closer to their vehicles.”
Copart, founded in 1982, provides a full range of vehicle remarketing services to process and sell salvage vehicles through a completely virtual auction-style trading platform, principally to licensed dismantlers, rebuilders and used vehicle dealers and exporters.
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