LKQ Corporation announced that it has completed its previously announced acquisition of Keystone Automotive Operations, Inc. (not to be confused with aftermarket parts supplier Keystone Automotive Industries, Inc., which is already a subsidiary of LKQ).
Keystone Automotive Operations, Inc. is a leading distributor and marketer of specialty aftermarket equipment and accessories in North America. The company has more than 1,500 employees with 25 locations serving more than 20,000 specialty retailers and equipment installers throughout North America, offering a product line of more than 300,000 SKUs from more than 800 suppliers. Keystone distributes products to serve the following six category segments: truck and off-road; speed and performance; recreational vehicle; towing; wheels, tires and performance handling; and miscellaneous accessories.
"We are delighted to complete the acquisition of Keystone, and excited about LKQ’s further entry into the specialty aftermarket equipment and accessories business," said Robert L. Wagman, president and CEO of LKQ Corporation. "Keystone’s leading market position, unparalleled distribution network, exceptional management team and diversified product offerings will play crucial roles in our efforts to grow LKQ’s presence in this highly fragmented industry.”
The acquisition became effective January 3, 2014.
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