Founded in 1928, Genuine Parts Company (GPC) is a service organization engaged in the distribution of automotive replacement parts, industrial replacement parts, office products and electrical/electronic materials. Our products and services are offered through a network of over 2,000 operations, geographically located across the United States, Canada and Mexico.
With over 80 years of distribution expertise, our well positioned, regionally located distribution centers provide us with the unique ability to adapt our product and service lines to better suit our customers' needs. GPC's commitment and reputation for just-in-time service positions us as a critical partner in our customers' success.
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ATLANTA, April 22, 2013 /PRNewswire/ -- Genuine Parts Company (NYSE: GPC) announced today that its Board of Directors elected James R. Neill to the position of Senior Vice President – Employee Development and HR Services. Mr. Neill was previously Senior Vice President of Human Resources at Motion Industries, the Company's industrial distribution company. In his new role, Mr. Neill will report directly to Bruce Clayton, Senior Vice President of Human Resources for the Company.
T...
ATLANTA, April 19, 2013 /PRNewswire/ -- Genuine Parts Company (NYSE: GPC) reports sales and earnings for the first quarter ended March 31, 2013.
Thomas C. Gallagher, Chairman and Chief Executive Officer, announced today that sales for the first quarter ended March 31, 2013, were $3.20 billion, up 0.6% compared to $3.18 billion in the first quarter of 2012. Net income for the quarter was $144.4 million, down 1% from $146.3 million recorded in the same period of the previ...
ATLANTA, April 2, 2013 /PRNewswire/ -- Genuine Parts Company (NYSE: GPC) announced today that it has completed the purchase of the remaining 70% stake of Exego Group for approximately $650 million (US$) in cash and the assumption of approximately $160 million (US$) in net debt, effective April 1, 2013. The purchase was financed using a combination of cash on hand and borrowings under existing credit facilities. The Company had previously purchased a 30% stake in the Exego Group ...
- Exego Business to Provide Accretive Automotive Expansion -
ATLANTA, March 11, 2013 /PRNewswire/ -- Genuine Parts Company (NYSE: GPC) announced today that it has entered into a definitive agreement to acquire the remaining 70% stake of Exego Group, headquartered in Melbourne, Australia, for a total purchase price of approximately $800 million (US$), including the assumption of certain debt.
The Company had previously purchased a 30% stake in the Exego Group on January 1, 2012, and he...
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