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CSK Auto, Inc. Buys Trak Auto's Southern California Stores

9 December 1997

CSK Auto, Inc. Completes Acquisition of Trak Auto's Southern California Stores

    PHOENIX, Dec. 9 -- CSK Auto, Inc., the largest retailer of
automotive parts and accessories in the western United States and one of the
largest such retailers in the country, today announced that it has completed
its acquisition of Trak Auto Corporation's 82 Trak Auto stores
in Southern California.  CSK paid a total purchase price of approximately
$33.6 million in cash.  CSK's existing equity investors provided the Company
with $20 million of additional equity capital, with the balance funded through
senior bank debt.
    CSK Auto, which operates stores under the Kragen name in California, said
the acquisition of Trak Auto's 82 stores would significantly increase the
Company's presence in the Los Angeles marketplace.  The newly acquired stores
will be converted to the Kragen format and will operate under the Kragen name.
    Commented CSK Auto Chairman and Chief Executive Officer, Maynard Jenkins,
"The purchase of these 82 stores will dramatically enhance our ability to
serve do-it-yourself and commercial customers in the Los Angeles market, an
area where we had targeted to establish a significant presence."
    "This transaction is consistent with our strategic plan to build
CSK Auto's franchise through acquisitions and significant new store openings
and relocations.  Over the past several years, we have made significant
investments in our corporate and operating infrastructure, especially in the
development of an outstanding management team, in building a state-of-the-art
distribution capability and investing in information technology to provide
CSK Auto with important competitive advantages," concluded Mr. Jenkins.
    CSK Auto operates stores under the trade names of Checker, Schuck's and
Kragen in 12 western states.  Following the completion of the transaction, the
Company will employ approximately 10,000 people in 692 stores, two major
distribution centers and several regional distribution centers.

SOURCE  CSK Auto, Inc.