LKQ acquires Greenleaf from Schnitzer

LKQ Corporation has acquired Greenleaf Auto Recyclers, LLC from Schnitzer Steel Industries, Inc. (SSI).

In addition, SSI has acquired from LKQ, four retail-oriented, self-service recycling facilities in Oregon and Washington. LKQ also sold certain business assets to SSI related to two self-service facilities in Northern California and a self-service facility in Portland, Oregon. LKQ will close the two self-service facilities in Northern California and convert the operation in Portland, Oregon to a wholesale recycling business.

LKQ has also agreed, subject to customary closing conditions, to sell SSI two self-service recycling facilities in Dallas, Texas with an anticipated closing date in mid-January 2010. Terms of these transactions were not disclosed.