LKQ targets auto recycling facilities in Canada for expansion
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.