Fenix Parts sells Canadian operations to former owner

By CRM staff Toronto, Ontario – March 13, 2019 — Fenix Parts, Goldy Metals, and Kenneth Gold announced the closing of a transaction pursuant to which Fenix sold its Canadian subsidiaries and their operations to Goldy for an undisclosed purchase price. The Canadian operations in Ontario, Canada will continue under Goldy ownership and will operate […]

Fenix reaches merger agreement with Stellex

Fenix Auto Parts has announced it will accept a merger agreement with Stellex Capital Management.

By CRM Staff   Toronto, Canada — March 1, 2018 — Fenix Parts, a leading recycler and reseller of OEM parts and automotive products, has announced it has agreed to a merger with Stellex Capital Management. Under the terms of the deal, a Stellex-controlled affiliate will acquire the company for $0.51 per share in cash […]

Upstate Shredding behind unsolicited Fenix offer

Speculations have been confirmed that Fenix Parts received an offer from Upstate Shredding.

By CRM Staff   Toronto, Ontario — February 22, 2018 — A week after an unsolicited deal to buy Fenix Parts from an unknown company came to light, both the name of the would-be buyer and the terms of the deal have gone public. Upstate Shredding, the second largest American recycler after LKQ, offered about […]

Tuesday Ticker: February 20, 2018

A spike in steel prices has recyclers rejoicing.

By Jeff Sanford Toronto, Ontario — February 20, 2018 — In this week’s Tuesday Ticker, a bid for outstanding Fenix shares takes the industry by surprise, steel prices spike, Boyd breaksrecords and much, much more! The stock market meltdown earlier this month seems to have given way to a less volatile period. Fund managers will […]

Tuesday Ticker: AkzoNobel talks to investors; Axalta acquires Plascoat

Axalta has announced it has acquired the UK's Plascoat Systems from its parent company, International Process Technologies (IPT). At the signing, from left: Keith Bilham and Jeremy Stoke of ITP and Matthias Schoenberg, Axalta Vice President and President Europe, Middle East and Africa Region.

By Jeff Sanford Toronto, Ontario — August 21, 2017 — In this week’s Tuesday Ticker: AkzoNobel plays nice with shareholders, Axalta acquires the UK’s Plascoat Systems, Fenix Parts reports its latest results, dodgy loans for new cars have some analysts worried and much, much more! AkzoNobel -Dutch paint maker Akzo Nobel has been making up […]

Fenix Parts reports loss, but improved business

Fenix Parts logo

By Jeff Sanford Toronto, Ontario — July 5, 2016 — Auto recycling conglomerate Fenix Parts has announced its first quarter 2016 results this past week. While the company reported a loss, the underlying business seems to be doing well. The company recorded a net loss of $41 million for the quarter, or $1.97 per share. […]

Under the hood: Inside the numbers at Fenix Parts

Financial insight into Fenix Parts

By Jeff Sanford Toronto, Ontario — November 24, 2015 — Newly minted publicly-traded recycling conglomerate Fenix Parts has been having a bit of a time convincing investors to get into the stock. The company went public in May at $11 a share. But over the past several months the price of shares has swooned, settling […]