CHICAGO --
In its fourth quarter 2005 earnings report, LKQ Corp. announced it acquired three recycling businesses in February.
Last month, LKQ acquired Michael Auto Parts located in the Orlando, FL, area. The company primarily serves the professional repair market and generated approximately $12 million of revenue in 2005. The company also acquired two retail businesses, one near Charleston, SC, and one in Port Allen, LA. These two businesses had less than $3 million of combined revenue in 2005.
In the report, the company stated that its objective in 2006 is to grow and improve these two businesses and to build their facilities into modern self-service retail facilities.
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