LKQ closes purchase of Akzo Nobel's paint distribution locations
June 1, 2011 — LKQ Corp. has finalized its acquisition of Akzo Nobel Coatings Inc.'s 40 paint distribution locations across the U.S., the company announced Tuesday.
LKQ will continue to distribute paint for other manufacturers in the 38 markets in which it currently distributes paint and other related products.
"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's co-CEO Robert Wagman. "We are 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."
Terms of the deal, which was finalized May 27, were not disclosed.
LKQ operates more than 325 facilities which provide replacement systems, components and parts to repair automobiles and light, medium and heavy-duty trucks. LKQ's operations include locations in Canada, Mexico and Central America.