Copart Expands in Canada

FAIRFIELD, Calif.--Copart, Inc. today announced the opening of its second salvage facility in Canada. Located in London, Ontario, the 24.5-acre greenfield facility will serve the area west of Toronto to Windsor.

“Canada is a growing marketplace and Copart is expanding its footprint in that country to meet our customers’ needs,” said Willis J. Johnson, Copart’s Chief Executive Officer. Copart’s other facility in Canada is in Courtice, and serves the area east of Toronto.

Copart, founded in 1982, provides vehicle suppliers, primarily insurance companies, with a full range of services to process and sell salvage vehicles, principally to licensed dismantlers, rebuilders and used vehicle dealers, through Internet sales utilizing its proprietary VB² technology. Salvage vehicles are either damaged vehicles deemed a total loss for insurance or business purposes or are recovered stolen vehicles for which an insurance settlement with the vehicle owner has already been made. The Company operates 135 facilities in the United States, Canada and the United Kingdom and is celebrating its 25^th anniversary this year.