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Exclusive: LKQ taps Bank of America to sell specialty parts business, sources say
Reutersยท 2025-11-13 17:52
Core Viewpoint - Auto parts supplier LKQ is planning to divest Keystone Automotive Industries, its specialty parts division, in response to pressure from investors [1] Group 1 - LKQ is facing increasing pressure from investors, prompting the decision to sell its specialty parts division [1] - The sale of Keystone Automotive Industries is part of a strategic move to streamline operations and focus on core business areas [1] - The divestiture reflects broader trends in the auto parts industry, where companies are reassessing their portfolios to enhance shareholder value [1]