LKQ Corp., a provider of replacement parts has acquired several recycled parts businesses with total 2005 revenue of about $24 million.
LKQ said it expects these businesses to generate about $13 million of revenue this year.
The acquisitions include two facilities in Houston, with a total size of around 46 acres; a 10-acre facility in Aurora, Colo.; and a 12-acre facility in Daytona Beach, Fla. While the businesses consist of operations that sell primarily into the retail market, the Houston facilities also include some operations that sell into the professional repair market.
"We are very pleased to be entering these large and important new geographical markets," said Joe Holsten, LKQ president and CEO. "While we will merge the wholesale professional repair business into our existing Houston operations, the retail self service operations provide for an important market entry in the fourth largest city in the country."
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