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.