POMONA, Calif., June 3, 2003 (PRIMEZONE) -- Keystone Automotive Industries, Inc. (Nasdaq:KEYS) today announced that it has acquired certain assets of U.S. Crash Parts, Inc., a private company that distributes automobile collision replacement parts in the Lexington and Louisville areas as well as eastern Kentucky. U.S. Crash recorded sales of approximately $3.0 million in 2002. Terms of the transaction were not disclosed.
"This acquisition strengthens and consolidates our market position in this region and fits perfectly with our strategic growth strategy," said Charles J. Hogarty, president and chief executive officer of Keystone.
Keystone Automotive Industries, Inc. distributes its products in the United States primarily to collision repair shops through its 116 distribution facilities, of which 21 serve as regional hubs, located in 38 states, Vancouver, Canada and Tijuana, Mexico. Its product lines consist of automotive body parts, bumpers, and remanufactured alloy wheels, as well as paint and other materials used in repairing a damaged vehicle. These products comprise more than 19,000 stock keeping units that are sold to more than 25,000 repair shops throughout the nation.