Profile: LKQ Corp (LKQ.OQ)
17 Jan 2017
LKQ Corporation (LKQ), incorporated on February 13, 1998, is a global distributor of vehicle products, including replacement parts, components and systems used in the repair and maintenance of vehicles, as well as specialty vehicle products and accessories. The company distributes a variety of products to collision and mechanical repair shops, including aftermarket collision and mechanical products, recycled collision and mechanical products, refurbished collision products, such as wheels, bumper covers and lights, and remanufactured engines. The Company operates through four segments: Wholesale - North America; Europe; Specialty, and Self Service.
The Company is a provider of alternative vehicle collision replacement products and alternative vehicle mechanical replacement products, with its sales, processing and distribution facilities reaching markets in the United States and Canada. It also provides alternative vehicle replacement and maintenance products in the United Kingdom and the Benelux region (Belgium, Netherlands and Luxembourg) of continental Europe. In addition to its wholesale operations, it operates self-service retail facilities across the United States that sell recycled automotive products from end-of-life-vehicles. The company also has operations in the Netherlands, Belgium, Northern France, Sweden, Norway, Mexico, Taiwan and India. In total, it operates approximately 790 facilities.
Wholesale -North America
The Company's wholesale automobile product operations in North America are organized by geographic regions serving the United States and Canada that sell all five product types (aftermarket, recycled, remanufactured, refurbished and original equipment manufacturers (OEMs) parts) to collision and mechanical automobile repair businesses. Its aftermarket product operations include a combination of sales, warehousing and distribution functions, and in various cases co-located with the Company's refurbishing operations. Its wholesale recycling operations have processing, sales, distribution and administrative operations on site, indoor and outdoor storage areas, and include a warehouse with multiple bays to dismantle vehicles. Its engine remanufacturing operations are conducted primarily at its facilities in Mexico, as well as the United States, with sales, warehousing and distribution operations in the United States. Its North American wholesale operations conduct business from approximately 350 facilities.
The Company's principal aftermarket product types consist of bumper covers, automotive body panels and lights. It also distributes paint and other materials used in repairing damaged vehicles, including sandpaper, abrasives, masking products and plastic filler. Its recycled products include engines, transmissions, door assemblies, sheet metal products, such as trunk lids, fenders and hoods, lights, and bumper assemblies. The Company operates approximately 30 refurbishing facilities and over four engine remanufacturing facilities. Its refurbish products include wheels, lights, plastic bumpers, and chrome bumpers. The Company operates a total of approximately 30 heavy-duty truck facilities in the United States and Canada. It sells its products to wholesale customers that include collision and mechanical repair shops, and new and used car dealerships, as well as to retail customers. It assists insurance companies by providing aftermarket, recycled, refurbished and remanufactured products to collision repair shops, especially to repair shops that are part of an insurance company's Direct Repair Program (DRP) network.
The Company's European wholesale operating segment includes Euro Car Parts Holdings Limited (ECP), a distributor of automotive aftermarket parts in the United Kingdom. The Company operates approximately 220 selling locations, supported by over three national distribution centers and approximately 20 regional hubs. Its European aftermarket collision parts program is managed by its ECP branch network, through which the Company sells its Platinum Plus aftermarket products. It also offers automotive paint products and related accessories. In its United Kingdom operations, it sells the its products to over 37,000 commercial customers primarily consisting of repairers, including both independent mechanical repair shops and collision repair shops.
The Company's Specialty operating segment includes Keystone Automotive Holdings, Inc. (Keystone Specialty). Keystone Specialty is a distributor and marketer of specialty vehicle aftermarket equipment and accessories in North America serving six product segments: truck and off-road; speed and performance; recreational vehicle (RV); towing; wheels, tires and performance handling, and miscellaneous accessories. The Company is a distributor and marketer of specialty vehicle aftermarket products and accessories, reaching various markets in the United States and Canada. Its products include trailer hitches and RV products, including satellite antennas, generators, waterproofing sealants, combination washer/dryer units and water pumps.
The Company's self service segment retail operations sell parts from older cars and light-duty trucks directly to consumers. The Company conducts its self service operations from approximately 80 facilities in North America, which operate under the name LKQ Pick Your Part. Its self service operations generate scrap metal, alloys and other materials that it sells to recyclers. The customers of its self service yards are frequently do-it-yourself mechanics, small independent repair shops servicing older vehicles, auto rebuilders and resellers.
500 W Madison St Ste 2800
CHICAGO IL 60661-2506