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Chicago, IL (November 1, 2017) - LKQ Corporation (Nasdaq: LKQ) today announced that it has finalized the acquisition of Warn Industries, Inc. (“Warn”) a leading designer, manufacturer and marketer of high performance aftermarket equipment and accessories. Warn was previously owned by Dover Corporation (NYSE: DOV). Warn will be a part of LKQ’s Specialty Segment, Keystone Automotive Operations, Inc. (‘Keystone”)
“Finding new and better ways to serve the needs of our customers is a priority for Keystone. We are excited about the value and capabilities Warn brings to our customer centric approach to service,” said Bill Rogers, Vice President and General Manager of Keystone. “Their leadership position in the market and premium iconic brand give us the ability to drive our long-term strategy of growing share in our core markets and developing viable points of entry into adjacent spaces that show promise.”
Warn offers a broad product line of premium winches, hoists, locking hubs and bumpers and serve specialty retailers and distributors globally. Warn has a long history and reputation of developing the highest quality most technologically advanced products in the industry. The red W logo is omnipresent where rugged dependable products are required. From mountaintops to worksites and deserts to disaster areas, Warn is the product enthusiasts and professionals depend on.
“The team at Warn is very excited to be part of LKQ / Keystone,” said Eric Banks, Warn Vice President of Operations. “Our approach to customers and market opportunities are very similar. We believe that by serving our customers best we serve the needs of the entire supply chain better. They know our market space and have been leaders in it for many years. Being supported by a company that can bring new and critical resources to us means that our customers and all of our channel partners will benefit,” added Banks.
Warn will be run in an autonomous way within LKQ’s Specialty Products Group and maintain its operational presence in Oregon. “It is fantastic to have a very capable management team and experienced workforce in place there. Their infusion of talent to our organization will contribute significantly to all our working groups,” said Kyle Shiminski, Vice President of Keystone’s Specialty Products Group. “Their passion for their products and customers will help ensure that we continue to provide the highest quality products and service experiences people have come to expect,” he concluded.
“The collective team will be focused on maintaining the highest level of customer focus and driving the growth initiatives the organization has already developed,” said Rogers.
About LKQ Corporation
LKQ Corporation (www.lkqcorp.com) is a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles. LKQ has operations in North America, Europe and Taiwan. LKQ offers its customers a broad range of replacement systems, components, equipment and parts to repair and accessorize automobiles, trucks, and recreational and performance vehicles.
About Keystone Automotive Operations
Keystone is the leading distributor and marketer of aftermarket automotive products and services, uniquely positioned to offer customers and suppliers substantial scale, the most comprehensive inventory selection in the industry, high levels of customer service, and innovative marketing support. Keystone is committed to expanding its offerings to meet the ever-growing needs of its customer base, providing them what they need, when they need it most.
