LKQ Corp. has completed its previously announced acquisition of Keystone Automotive Industries, Inc. Ronald Foster, former chairman Keystone, and Rick Keister, former president and CEO of Keystone, were appointed to LKQ's board of directors upon completion of the merger.
"We are delighted to complete our merger with Keystone," said Joseph Holsten, president and CEO of LKQ Corporation. "This merger creates an alternative replacement parts business with over $1.6 billion of trailing annual revenue. Keystone's aftermarket product line is a perfect complement to LKQ's leading presence in the recycled parts marketplace. We now have an expanded national network of nearly 300 facilities that allow us to offer readily available, high quality recycled, refurbished and aftermarket collision repair parts to our customers. We are proud to be the nation's leading supplier of aftermarket collision parts, recycled OEM parts, refinished alloy wheels, and refinished plastic bumper covers."
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