LKQ Corp. to acquire leading distributor
- July 12, 2015
Rapidly growing LKQ Corp. is planning to take over The Coast Distribution System Inc., a leading distributor of replacement parts, supplies and accessories for recreational vehicles (RVs) primarily.
Coast supplies to retail part and supply stores, service and repair establishments and new and used RV dealers in North America.
The acquisition is expected to close in the third quarter of 2015. Coast’s board of directors has unanimously recommended that Coast stockholders accept the LKQ’s offer that amounts to approximately USD 29 million.
"The combination of Coast with our specialty segment and RV business presents tremendous distribution and logistics synergies with our existing network, and expands our RV business with the addition of unique product offerings and brands," said Robert Wagman, president and CEO of LKQ Corp.