Euro Car Parts, has announced that it has acquired the businesses of Team P R Reilly, Dublin, and Karkraft (N.I.) Limited of Belfast. The long rumoured agreement significantly expands the operations of the LKQ Company across Ireland and follows on from the acquisition of Hella Ireland in August 2016.
UK Chairman and LKQ Board Member, Sukhpal Singh Ahluwalia, said, "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 and the company’s 150 plus employees remain in place.