MBO AT OPTIMAL UK AS LKQ SELLS SHARES

Automotive parts business Optimal UK Distribution Ltd. has announced changes in its ownership, with LKQ Europe selling its shares in the business.

Geoff Jones

READ: Why you can expect more from Optimal (archive)

Midlands-headquartered Optimal UK was established in 2009 as a partnership between Geoff Jones and Germany-based Optimal AG & Co. – which subsequently became part of LKQ Europe.

READ: COST CUTTING ATTRIBUTED FOR RISE IN REVENUE AT LKQ EUROPE

Now that LKQ Europe has sold its shares in the business, Optimal UK is owned outright by managing director Geoff Jones.

READ: LKQ BOSS: INVESTMENTS UNDER REVIEW ‘;TO SECURE LIQUIDITY’ (2020)

Commenting on the changes, Geoff Jones said:  “With this development, there will be no major changes for our UK employees and customers. Optimal will still be available and promoted as the quality brand it is, and it will be complemented by other equally-respected brands, soon to become available in the UK and Ireland through our distribution network”.

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Published by Greg Whitaker

Editor of CAT Magazine and an experienced motoring journalist @GregWhitaker5

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