LKQ Corporation, parent company of PGW Auto Glass, announced that its Specialty Segment, Keystone Automotive Operations Inc. (Keystone), has agreed to acquire the aftermarket business of Warn Industries Inc., a designer, manufacturer and marketer of high performance vehicle equipment and accessories, for an undisclosed amount. Warn is a wholly-owned subsidiary of Dover Corporation.
Warn’s aftermarket business was established in 1948 and offers a variety of winches, hoists, locking hubs and bumpers. The company has more than 350 employees serving specialty retailers and distributors globally. It has two 400,000-square-feet manufacturing facilities in Oregon and a technical facility in Michigan.
“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 acquisition is expected to close in the fourth quarter and is subject to customary closing conditions.
The news follows the company’s recent announcement of PGW Auto Glass’s acquisition of Sigma Distributing Companies, an independent wholesaler that provides auto glass, exhaust and automotive supplies. The acquisition went into effect October 16.