LKQ finalizes acquisition of AkzoNobel's paint distribution business
LKQ Corp. closed the acquisition of AkzoNobel Coatings Inc.'s paint distribution business consisting of 40 locations across the United States.
Jan. 1, 2020
June 01, 2011
LKQ Corp. closed the acquisition of AkzoNobel Coatings
Inc.'s paint
distribution business consisting of 40 locations across
the United States.
"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 L.
Wagman.
In addition to distributing Akzo's paint in these 40
markets and the other markets in which LKQ currently
distributes Akzo's paint, LKQ will continue to
distribute paint for other manufacturers in the
approximately 38 markets in which LKQ currently
distributes paint and related products.
Wagman continued, "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."
The acquisition became effective May 27, 2011.
Financial details were not disclosed.
