Genuine Parts Company (NYSE:GPC) Files An 8-K Completion of Acquisition or Disposition of Assets
Item 2.01 Completion of Acquisition or Disposition of Assets.
Genuine Parts Company (NYSE: GPC) announced effective today that Alliance Automotive Group (AAG), the Company’s wholly-owned automotive distribution company based in London, U.K., has completed the acquisition of German Hennig Fahrzeugteile Group.
Hennig Fahrzeugteile Group, headquartered in Essen, North Rhine-Westphalia, is one of Germany’s leading suppliers of vehicle parts. Hennig Fahrzeugteile has 31 branches across Germany and serves more than 9,000 customers, predominantly independent workshops and retailers. The Company expects the acquired business to generate annual revenues of approximately $190 million (US$).
Item 9.01 Financial Statements and Exhibits.
99.1 Press Release dated January8, 2019
GENUINE PARTS CO Exhibit
EX-99.1 2 a8-kexhibitxhennigacquisit.htm EXHIBIT 99.1 Exhibit GENUINE PARTS COMPANY NEWS RELEASE FOR IMMEDIATE RELEASEGENUINE PARTS COMPANY COMPLETESAUTOMOTIVE ACQUISITION IN GERMANYAlliance Automotive Group Acquires German Hennig Fahrzeugteile Group Atlanta,…
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About Genuine Parts Company (NYSE:GPC)
Genuine Parts Company is a service organization engaged in the distribution of automotive replacement parts, industrial replacement parts, office products and electrical/electronic materials. The Company’s segments include Automotive, Industrial, Office Products Group, Electrical/Electronic Materials and Other. The automotive segment distributes replacement parts for all makes and models of automobiles, trucks and other vehicles. The industrial segment distributes a range of industrial bearings, mechanical and fluid power transmission equipment, including hydraulic and pneumatic products, material handling components and related parts and supplies. The office products segment distributes a range of office products, computer supplies, office furniture, and business electronics. The electrical/electronic materials segment distributes a range of electrical/electronic materials, including insulating and conductive materials for use in electronic and electrical apparatus.