LKQ is planning to sell its Keystone Automotive Operations specialty business, say multiple company insiders, according to media reports.

According to the Reuters news organization, the division could be worth roughly $1 billion USD.

Keystone Automotive Operations business is focused on the performance and custom parts market. Based in Exeter, Pa, Keystone Automotive Operations was acquired by LKQ in 2014.

The seperate Keystone Automotive Industries is focused on supplying recycled OEM and aftemarket parts, primarily to the collision repair industry. Keystone Automotive Industries provides a full range of automotive parts, including body and bumper components, mirrors, lighting, wheels, heating and cooling systems, fuel delivery products, 

Chicago-based LKQ, which owns multiple automotive businesses in North America and Europe, includnig Uni-Select Inc. in Canada, has recently come under pressure from investors according to some reports.

The company has not commented on the reports which say that Bank of America has been tapped to handle the potential sale, and that LKQ began taking meetings with potential suitors at an unnamed “industry event in Las Vegas,” presumably referring to the AAPEX and SEMA events held early in November.

LKQ recently reached an agreement to sell its “Pick Your Part” self-service business to private equity firm Pacific Avenue Capital Partners for $410 million USD.

Investor group Ananym Caoital also recently called on LKQ to divest its European operatiosn to focus on North America.

Correction
An earlier version of this report mistakenly indicated which division was being considered for sale. It is Keystone Automotive Operations, not Keystone Automotive Industries.