San Antonio's Safe Tire Disposal Site to Be Cleared, Repurposed by New Owner, Texas-based Copart, Inc.

SAN ANTONIO, Jan. 9, 2018 /PRNewswire/ -- Copart, Inc. (NASDAQ: CPRT), a global online vehicle auction company, is announcing the purchase of the former Safe Tire Disposal Corp. facility at 11150 Applewhite Road, along with its intention to clear the 36-acre property of abandoned tires, alleviating the threat of fire and mosquito-borne diseases to San Antonio residents.

"Our new San Antonio property acquisition is a win-win for Copart and for the state of Texas," said Copart CEO Jay Adair. "Copart is pleased to be part of the solution to the tire disposal site. This is not just good business for Copart, it's also good environmental stewardship. It's the right thing to do."

Copart currently operates a San Antonio auction location at the neighboring 11130 Applewhite Road. It plans to expand its vehicle storage and auction operations onto the new site once the remaining tires are cleared.

"Copart's commitment to clearing and repurposing the Applewhite Road site dramatically reduces the risk of fire and disease to the Southside," said Texas Representative Tomas Uresti. "For years, the Safe Tire site has been a dangerous area despite enforcement actions from TCEQ and the Texas Attorney General. I'm pleased that all our hard work, especially the years of work by Senator Carlos Uresti, is finally resulting in removing this blight from our area. San Antonio applauds Copart's environmental stewardship and sound business principles."

In 2014, the Texas Commission on Environmental Quality conducted an investigation following complaints from area residents regarding mosquitos coming from the tire site. The state investigation confirmed the complaints and showed that over one million tires are stored at the site. Those conditions have persisted despite enforcement actions.

"The Texas Commission on Environmental Quality looks forward to partnering with Copart to remediate the tires at the former Safe Tire site in San Antonio," said Richard Hyde, the executive director of the Texas Commission on Environmental Quality. "The TCEQ, elected officials and local residents have worked to find solutions to the problem and welcome Copart as a good steward of our environment."

ABOUT COPART

Copart, Inc., founded in 1982, is a global leader in online vehicle auctions. Copart's innovative technology and online auction platform links sellers to more than 750,000 Members in over 170 countries. The company offers services to process and sell salvage and clean title vehicles to dealers, dismantlers, rebuilders, exporters and in some cases, to end users. Copart sells vehicles on behalf of insurance companies, banks, finance companies, charities, fleet operators and dealers, and also sells vehicles sourced from individual owners. With operations at over 200 locations in 11 countries, Copart has more than 125,000 vehicles available online every day. Copart currently operates in the United States (Copart.com), Canada (Copart.ca), the United Kingdom (Copart.co.uk), the Republic of Ireland (Copart.ie), Brazil (Copart.com.br), Germany (Copart.de), the United Arab Emirates, Oman and Bahrain (Copartmea.com), India (Copart.in) and Spain (Copart.es). For more information, or to become a Member, visit Copart.com/Register. Join the conversation and follow Copart on Facebook.

Contact:

Michelle Hoffman, Vice President of Marketing, Copart
[email protected] | (972) 391-5082

Kaci Schack, Senior Marketing Manager, Copart
[email protected] | (972) 391-5218

SOURCE Copart, Inc.