Fairfield Vehicle-Salvage Company Buys Missouri Site

Fairfield Vehicle-Salvage Company Buys Missouri Site
Wednesday, April 16, 2008

Fairfield-based Copart, which provides a range of services to insurers and others needing to sell salvaged vehicles, has acquired Bob Lowe's Salvage Pool in Sikeston, Mo.

With the addition of the Missouri facility, Copart oversees 130 in North America and 145 worldwide. Copart now has four facilities in Missouri.

Willis J. Johnson, Copart's founder and chief executive, said the newly acquired 30-acre site will serve southeast Missouri and portions of Illinois, Kentucky, Tennessee and Arkansas.

"This location is ideal because it sits near the intersection of five states," Johnson said. "We are happy to have this facility as part of our network to better service our customers."

Founded in 1982, Copart helps process and sell salvage vehicles, mostly to licensed dismantlers, rebuilders and used-vehicle dealers via the Internet. Salvage vehicles typically are those deemed a total loss by insurers or recovered stolen vehicles that have already been part of an insurance settlement.