LKQ buys auto parts recycler

LKQ Corporation has acquired Pick-Your-Part Auto Wrecking, an auto recycler with nine recycling locations in California.

The largest nationwide provider of aftermarket collision replacement products, recycled OEM products and refurbished OEM collision replacement products, LKQ paid 60 percent of the purchase price with LKQ Corporation common stock.

"We are very pleased to complete our acquisition of Pick-Your-Part," says Joseph Holsten, LKQ’s president and chief executive officer. "We are excited about the prospects for these California retail oriented recycled parts businesses, and we believe Pick-Your-Part will help us expand our Southern California wholesale recycling business."

LKQ Corporation operates approximately 300 facilities offering its customers a broad range of replacement systems, components and parts to repair light vehicles and trucks.

For more information, visit LKQ online.