GPC Acquires PartsPoint GroupThis post was originally published on this site
Genuine Parts Co. (NYSE: GPC), Atlanta, has announced today that Alliance Automotive Group, the company’s wholly-owned automotive distribution company based in London, U.K., has completed the acquisition of PartsPoint Group, Ede, Netherlands. Terms of the acquisition were not disclosed.
PartsPoint is a distributor of automotive aftermarket parts and accessories in the Benelux. Through a network of one national distribution center, six regional warehouses and 147 branches, PartsPoint serves customers across the Netherlands and Belgium, predominantly independent garages and wholesalers. The Company expects the acquired business to generate annual revenues of $330 million.
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