CHICAGO -- LKQ Corporation announced that it acquired two businesses that operate in the aftermarket collision automotive replacement parts business. Independent Auto Parts is headquartered in Pennsylvania and Mid-State Aftermarket Parts is headquartered in Arkansas.

Revenue of these businesses for the twelve months ended December 31, 2004 was approximately $16.6 million. We paid approximately $13.7 million, net of acquired cash, for these two businesses.

These businesses have six locations with approximately 120 employees. They serve customers throughout the state of Arkansas, and markets in Tulsa, Memphis, central Pennsylvania and the southeastern portion of New York State.

"The territory covered by these businesses significantly expands the aftermarket part markets served by our existing businesses," stated Joseph Holsten, president and CEO. "Through these acquisitions we enter several new market areas with a good base of customers and inventory in place, while positioning our company to enter additional new markets from this expanded base of operations."

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