Fenix Parts sells Canadian operations to former owner
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 as Standard Auto Wreckers. Fenix, a […]
Fenix Parts confirms unsolicited offer from Upstate Shredding
By CRM Staff Westchester, Illinois — February 14, 2018 — Fenix Parts, a leading recycler and reseller of original equipment manufacturer automotive products, today confirmed that it has received an unsolicited, non-binding offer from Upstate Shredding to acquire all of the outstanding shares of common stock of Fenix Parts. The non-binding offer was received outside […]
Fenix Parts reports loss, but improved business
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
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 […]
Fenix Parts announces Q3 results
By Jeff Sanford Westchester, Illinois — November 18, 2015 — Fenix Parts announced its third quarter results this week. The relatively new auto recycling conglomerate continues to iron out some of the challenges related to the merger that created Fenix, while dealing with a remarkably low price for scrap steel. The company reported that revenues […]
Fenix reports numbers, hints at acquisitions
By Jeff Sanford Toronto, Ontario — August 5, 2015 — New publicly-traded recycler, Fenix Parts, has held one of its first public conference calls. The company previously reported financial results for the holding company, Fenix Parts, as well as the financial statements for some of its founding companies. Today’s release updated the financials for the […]
