LKQ Corporation Finalizes Acquisition of AkzoNobel's North American Paint Distribution Business - BodyShop Business

LKQ Corporation Finalizes Acquisition of AkzoNobel’s North American Paint Distribution Business

LKQ Corporation today announced that it has closed the acquisition of AkzoNobel
Coatings’ paint distribution business consisting of 40 locations
across the U.S.

"Finalizing this acquisition is yet another milestone for our company
and a validation of LKQ’s commitment to enhancing our customers’
experience by offering a broad and diverse product mix accessible
through our vast distribution network," said LKQ co-CEO Robert L.
Wagman.

In addition to distributing AkzoNobel’s paint in these 40 markets and the other markets in which LKQ currently distributes AkzoNobel’s paint, LKQ will continue to distribute paint for other manufacturers in the approximately 38 markets in which it currently distributes paint and related products.

Wagman continued, "We’re excited to have acquired a strong team of
employees who will continue to support the customer base, and we look
forward to continuing the growth of our paint distribution business and
becoming the market leader for the auto collision repair industry’s
paint related needs."

The acquisition became effective May 27, 2011. Financial details were not disclosed.

You May Also Like

Body Bangin’ Southeast Collision Conference: Future-proof Your Shop with Mike Anderson

Live from the Southeast Collision Conference, Micki Woods interviews Mike Anderson on finding the formula for future success.

Micki Woods, master marketer for collision repair shops and owner of Micki Woods Marketing, is kicking off a series of daily podcasts from the Carolinas Collision Association's 2024 Southeast Collision Conference. This series is sponsored by Lombard Equipment, which offers a premier line of automotive collision repair equipment for all your OEM certification needs.

Body Bangin’: Taking the Gloves Off with Clay Hoberecht

Micki Woods interviews Best Body Shop Owner and Vehicle Care RockStar Clay Hoberecht on how he stands out in a crowded industry.

Body Bangin’: Are You Ready for the Southeast Collision Conference?

Micki Woods interviews Jordan Hendler and Josh Kent about the upcoming Southeast Collision Conference May 16-18, 2024 in Greensboro, N.C.

Body Bangin’: Hidden Gems to Grow Your Business with Rick Selover

Micki Woods interviews collision consultant Rick Selover on things you can do to immediately impact your person, body and business.

Body Bangin’: NORTHEAST Show Highlights with Ken Miller

Micki Woods interviews AASP/NJ President Ken Miller on highlights from the NORTHEAST Show.

Other Posts

Body Bangin’: Overcoming Common Shop Challenges with Kyle Motzkus

Micki Woods interviews Kyle Motzkus of Hunter Auto Body on common challenges collision shops face.

Body Bangin’: The Keys to Success with Louie Sharp

Micki Woods interviews Louie Sharp of Sharp Auto Body on life lessons learned from the Marines and how love conquers all.

CIF Announces CCC Intelligent Solutions as Repeat Annual Donor

CCC has committed again to the CIF Annual Donor Program, marking the fourth consecutive donation at the First Responder level.

Deadline for Busch Memorial Scholarships Approaching

Two scholarships will be awarded to students pursuing a collision career.