Chicago-based automotive parts recycler LKQ Corp. has acquired the business and assets of Green Bean Battery LLC, Raleigh, North Carolina, a hybrid battery reconditioner and installer. Green Bean, established in 2015, has developed a proprietary hybrid battery reconditioning process that creates a more reliable battery while simultaneously extending its useful life, according to the news release LKQ issued regarding the acquisition.
Terms of the transaction were not disclosed.
Green Bean acquires hybrid battery cores from multiple sources, including LKQ, and reconditions them at its facilities across eight trading zones located throughout the United States. As a full-service provider, Green Bean installs its reconditioned batteries at its customers’ preferred locations in these trading zones. The only states Green Bean does not service are Alaska, Hawaii, Montana, North Dakota and Wyoming, according to its website. Green Bean reconditions batteries for hybrid vehicles manufactured by Toyota, Honda, General Motors, Lexus and Nissan.
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