Fenix Parts, Inc., Goldy Metals Incorporated and Kenneth Gold today announced the closing of a deal for Fenix to sell its Canadian subsidiaries to Goldy for an undisclosed purchase price. The operations in Ontario, Canada will continue under Goldy ownership and will operate as “Standard Auto Wreckers.” Fenix retains its existing business in the United States.
William Stevens, the Chief Executive Officer of Fenix, said, “This sale will facilitate both enterprises’ pursuit of successful futures. The movement of parts across borders has been a challenge due primarily to currency fluctuations, erasing the original benefits from scale. This transaction will enable
Subscribers need to be logged in to see rest of this article. Please Login to access. If you're not a subscriber, click here for information on our satisfaction guaranteed subscription options.