Genuine Parts Company Announces Acquisition of Largest NAPA Independent Store Owner in the U.S. [Yahoo! Finance]
Genuine Parts Company (GPC)
Last genuine parts company earnings: 2/19 08:40 am
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Source: Yahoo! Finance
ATLANTA May 1, 2024 /PRNewswire/ -- Genuine Parts Company (NYSE: GPC), a leading global distributor of automotive and industrial replacement parts, announced today an acquisition for its U.S. Automotive business. Effective April 30, 2024, the company acquired Motor Parts & Equipment Corporation (MPEC). MPEC, founded in 1938, is based in Rockford, Illinois . It is the largest independent owner of NAPA Auto Parts stores in the U.S., operating 181 locations across Illinois Indiana Iowa Michigan Minnesota and Wisconsin "We are pleased to announce the completion of this strategic acquisition, which aligns with our initiative to own more NAPA stores in priority markets," said Will Stengel, President & CEO-elect of GPC. "We appreciate our long-standing partnership with MPEC's Executive Chairman, Joseph Hansberry , and welcome our new MPEC teammates to GPC and NAPA. We are excited to work together to deliver solutions and value to our customers." About Genuine Parts Company Established
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GPC
News
- Why Genuine Parts (GPC) is a Top Momentum Stock for the Long-Term [Yahoo! Finance]Yahoo! Finance
- Why Genuine Parts (GPC) is a Top Growth Stock for the Long-Term [Yahoo! Finance]Yahoo! Finance
- Returns On Capital Are Showing Encouraging Signs At Genuine Parts (NYSE:GPC) [Yahoo! Finance]Yahoo! Finance
- Genuine Parts Company Announces Acquisition of Largest NAPA Independent Store Owner in the U.S.PR Newswire
- Genuine Parts Company Announces Changes to the Board and Declares Regular Quarterly DividendPR Newswire
GPC
Earnings
- 4/18/24 - Beat
GPC
Sec Filings
- 5/15/24 - Form 3
- 5/8/24 - Form 4
- 5/8/24 - Form 3
- GPC's page on the SEC website