Fenix Parts announced it has completed its acquisition of the assets of Keiffer Auto Recyclers, LLC in Canton, Ohio. The acquisition is Fenix Parts second in the Ohio market following the purchase of All Foreign Used Auto Parts, Inc. in Columbus that CollisionWeek reported on Monday. Keiffer is a full-service automotive recycling facility servicing the […]
Knox Auto Parts Acquires Auto Recycling Facility in Alabama
Knox Auto Parts announced it has purchased B&D Automotive in Birmingham, Ala., expanding the family owned business to its third automotive recycling facility. “When the opportunity to move in to the Birmingham market became available we felt it was a natural fit. Strategically the location gives us the ability to be in a large market […]
NSF Certifies First Automotive Recyclers in Australia
NSF International has issued its first automotive recycler certifications to three companies in Australia. ASV Euro Car Parts in Sydney, Grant Walker Parts in Melbourne and Paradise Auto Parts in Adelaide meet all of the NSF International certification requirements, including rigorous grading, operational, labeling and traceability requirements, as well as safety and environmental compliance requirements. […]
NSF Certifies More Than 340 Collision Repair Parts for Australian Market, Introduces Recycler Certification
NSF International announced it has certified more than 340 automotive aftermarket collision repair parts for the Australian market. NSF International‘s certification program is designed to ensure that the parts are equivalent in form, fit and function to the original equipment (OE) service parts in Australia and that they meet NSF International’s other rigorous certification requirements […]
Team PRP Adds Four New Locations
Team PRP announced the addition of four automotive recycling facilities to its network. The newest locations include Ace Auto Recyclers, Inc. (Iowa City, Iowa); Metro Auto Salvage, Inc. (Lakeville, Minnesota); All Foreign & Domestic Used Auto Parts (Columbus, Ohio); and, Goyettes, Inc. (New Bedford, Massachusetts). “Over the course of the last two years, Team PRP, […]
Fenix Parts Announces Third Quarter 2015 Results
Fenix Parts, Inc. (NASDAQ:FENX), the automotive recycler, announced third quarter and year-to-date 2015 results. Fenix completed its IPO and the acquisitions of its eight founding companies in mid-May 2015, and another acquisition, of Ocean County Auto Wreckers in August 2015. The accompanying financial statements include results of Fenix Parts, as a standalone entity for the […]
Fenix Parts Acquires Tri-City Auto Salvage
Fenix Parts, Inc. announced the acquisition of Tri-City Auto Salvage, Inc. in Greensboro, North Carolina for approximately $6.6 million in cash and 42,363 shares of Fenix common stock. The cash portion of the purchase price was financed through a combination of cash on hand and utilization of $6.5 million of the company’s credit facility. Tri-City […]
Ford Purchases Hamilton, Ontario-Area Auto Recycler
John Norris from the Hamilton District Autobody and Repair Association (HARA) in Hamilton, Ontario reports that Ford of Canada has announced their entry into the Canadian auto recycling market with the purchase of Plazek Auto Recyclers of Caistor Centre, just outside of Hamilton. According to Norris, Plazek’s is a well known and respected auto recycler […]