LKQ targets auto recycling facilities in Canada for expansion

Auto recyclers can expect to see the industry consolidate and expand in the United States.

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LKQ Corp., already the largest nationwide provider of recycled vehicle products, is acquiring more competitors and is now targeting Canada for further expansion.

Chicago-based LKQ, with more than 130 facilities in the United States, purchased recycled-parts business Pintendre Autos Inc., near Quebec City, Canada in early July.

"This is our second business acquisition in Canada and it gives us a large parts recycling business in a large population area," said Joe Holsten, president and chief executive officer of LKQ, in a statement announcing the Canadian acquisition.

In June, LKQ announced it acquired a recycled parts business located near Toronto, the company's first entry into Canada. Dominion Auto Recycling, with annual revenue of $9 million, serves the professional repair market in the Toronto market.      ...read more

 

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