LKQ Corp. announced that its specialty segment, Keystone Automotive Operations Inc., will acquire the aftermarket business of Warn Industries Inc., a designer, manufacturer and marketer of high-performance vehicle equipment and accessories. Warn is a wholly owned subsidiary of Dover Corp.
Established in 1948, Warn’s aftermarket business offers a broad product line of winches, hoists, locking hubs and bumpers, with more than 350 employees serving specialty retailers and distributors globally. Holding more than 130 patents, Warn has a long history of developing the highest-quality, most technologically advanced products in the industry.
“Warn’s leadership position and premium iconic brand offer our Specialty Products Group the ability to drive our long-term strategy of growing our core markets and developing viable points of entry into adjacent markets,” said Bill Rogers, vice president and general manager of Keystone. “LKQ and Warn will be committed to continuing delivery of great value to our customers and to growing our combined businesses to higher levels.”
The transaction is expected to close in the fourth quarter, subject to customary closing conditions.
