LKQ Corp. (Nasdaq: LKQ), an auto parts company, has agreed to acquire Pittsburgh Glass Works LLC (PGW) from private equity firm Kohlberg & Co. and minority owner PPG Industries Inc. (NYSE: PPG), a provider of chemicals to the automotive industry. The transaction is expected to close during the second quarter of this year.

Chicago, Illinois-based LKQ will finance the $635 million acquisition with borrowings under its $2.2 billion revolving credit facility. The company says the purchase of PGW reflects its commitment to providing one-stop-shopping to the North American collision repair industry.

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