LKQ Corporation Completes Sale of Two Czech Distributors

LKQ Corporation (LKQ), the parent company of PGW Auto Glass, recently announced that it has closed its agreement to sell its equity interests in two Czech wholesale automotive parts distributors to Swiss Automotive Group AG. The terms of the transaction have not been disclosed.

“This divestiture reinforces our ongoing commitment to rationalizing our European asset base and divestiture of non-core businesses. We are confident that the local management will continue to drive results in the Czech Republic for the SAG Group, and we wish them both continued success in the future,” said Dominick Zarcone, LKQ president and CEO.

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