Copart Buys Brazil's Central de Leiloes
Copart, Inc. (NASDAQ: CPRT) today announced the acquisition of Central de Leiloes LTDA, located in Sao Paulo, Brazil. Central is a leading salvage vehicle auction company currently providing services to many of the leading automobile insurance companies in Brazil. Central serves the Brazilian market through five facilities located in Sao Paulo state. This acquisition provides the Company its first physical presence in South America.
Terms were not disclosed.
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