ECP makes double Ireland acquisition
Euro Car Parts, an LKQ company, has acquired the business of Team P R Reilly in Dublin and KarKraft (NI) Ltd in Belfast.
Team P R Reilly is a leading, family-owned, car parts, accessories and bodyshop business based out of Dublin whilst Karkraft (NI) Ltd of Belfast is a paint and collision repair supply specialists. The agreements expand Euro Car Parts’ operations across Ireland.
Euro Car Parts CEO, Martin Gray, said, ‘A strong track record, significant market expertise and a cultural approach so like our own, meant that the opportunity to work alongside Norbert Reilly and the senior management team at Team P R Reilly was not to be missed.’
UK chairman and LKQ board member, Sukhpal Singh Ahluwalia, added, ‘I’m delighted to welcome Team P R Reilly colleagues to the family and the next stage of the incredible Euro Car Parts journey. Team P R Reilly has a heritage stretching back more than 75 years and we have a duty to our customers, partners, employees and suppliers to ensure that we build relationships that will lead to sustainable and considerable growth. Everyone has a part to play in our ambitious growth plans and I look forward to working with the senior team to support their strategic direction and leadership.’
Following the acquisition, the senior Team P R Reilly management team remains in place while the company’s more than 150 employees will benefit from opportunities and training across LKQ Corporation’s global platform.