Bought by the Bros: IAA Inc. purchased by B.C.-based Ritchie Bros. Auctioneers

Burnaby, British Columbia — Ritchie Bros. Auctioneers, a Canadian equipment marketplace based in Burnaby, B.C., said Monday that it would purchase U.S.-based IAA Inc. in a US$7.3 billion deal. The company said the deal aligns with Ritchie Bros.’ goal of diversifying into the salvage vehicle market. Ritchie Bros. touted a market cap of approximately US$6.9 […]

CARI Camaraderie: Organization hosts 25th annual Consumer’s Night

Toronto, Ontario — The Canadian Association of Recycling Industries (CARI) held its 25th annual Consumer’s  Night last week, where friends of the organization gathered at the Sheraton Toronto Airport Hotel for networking opportunities and an evening of programming alongside company representatives, CARI staff, board members and association members from both Canada and the United States. […]

THE GOOD, THE BAD AND THE UGLY

We’re talking about salvage auctions Column by STEVE FLETCHER Auto recyclers rely on a steady flow of total loss vehicles from the insurance industry to secure their inventory of parts to provide to collision repairers and insurers—ideally to lower cycle time and severity and prevent further total losses. The balancing of interests in this mini-circular economy, […]

Revenue in Recycling: Stellantis to expand circular economy business unit

Amsterdam, Netherlands — Stellantis has announced its mission to generate more than $2.6 billion in savings via a mission to extend the life of its vehicles and parts. The OEM forecasts that it can save €2 billion (CND$2.6 billion) in recycling and reusing parts through its circular economy unit. Stellantis said the main objectives of […]

Together in Truro: ARAAC hosts 2022 Convention

Truro, Nova Scotia — From Sept. 30 to Oct. 1, the Automotive Recyclers Association of Atlantic Canada (ARAAC) hosted its 2022 Convention—marking the organization’s first official gathering since pre-pandemic days. Despite Hurricane Fiona’s devastating effect on the Maritimes, 50 dedicated recycling industry stakeholders made it to the first ARAAC Convention at the Inn on Prince […]

A Standard of Excellence: Standard Auto Wreckers honoured by City of Markham

Toronto, Ontario — Standard Auto Wreckers owners Ken and David Gold were recently presented with a certificate of appreciation from Markham, Ont. mayor Frank Scarpitti, for the company’s work with the Markham Fire crew. The Golds accepted the honour at Standard’s Toronto location alongside Fire Chief Brad Sterling and the rest of his crew. “I […]

ARAAC You Ready: Atlantic recyclers to host 2022 convention this Friday, Saturday

UPDATE: A new session has been added: Requirement for contingency planning for spills and emergencies, and Q&A in relation to the NS Standard for Commercial Vehicle Salvage Facilities, presented by Matthew Brufatto, Nova Scotia Department of Environment & Climate Change Truro, Nova Scotia — Any last-minute stragglers, listen up! It’s your last chance to make […]