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LKQ Corporation was founded by Donald Flynn in February 1998, with the purchase of Triplett Automotive Recycling in Akron, Ohio.Flynn remained chairman of the corporation until his death in October 2011. [6]
Oct. 1—JANESVILLE — For his entire adult life, Mark Sievert has managed the business of stripping auto parts, smashing junked metal auto bodies and consequently seen the steady growth of LKQ ...
In April 2013, LKQ Euro purchased Sator Holdings. [8]In December 2015, LKQ Euro purchased Rhiag-Inter Auto Parts Italia S.P.A. [9] In February 2016, IM Properties completed a 778,000 sq. ft warehouse for the business to use as their national distribution center in Tamworth, Staffordshire.
At the end of their useful life, vehicles have value as a source of spare parts and this has created a vehicle dismantling industry. The industry has various names for its business outlets including wrecking yard, auto dismantling yard, car spare parts supplier, and recently, auto or vehicle recycling. Vehicle recycling has always occurred to ...
The company expanded to become a leading supplier of parts, paints and equipment for cars and light commercial vehicles in the UK. [6] By 2011, Euro Car Parts employed 3,500 people across 89 locations. [5] In October 2011, Ahluwalia sold Euro Car Parts to LKQ Corporation for £280 million, with a supplementary £55 million if targets were met.
A wrecking yard (Australian, New Zealand, and Canadian English), scrapyard (Irish, British and New Zealand English) or junkyard (American English) is the location of a business in dismantling where wrecked or decommissioned vehicles are brought, their usable parts are sold for use in operating vehicles, while the unusable metal parts, known as ...