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Advance Auto Parts said on Thursday it would sell its Worldpac unit for $1.5 billion as part of its latest attempt at streamlining operations, but cut its annual results forecast, sending its ...
Advance Auto Parts entered into a definitive agreement to acquire General Parts International, Inc. (GPI), a privately held distributor and supplier of equipment and aftermarket replacement products for commercial markets operating under the Carquest and WorldPac brands on October 16, 2013. [19]
WORLDPAC, which specializes in providing hard to find aftermarket parts for imported vehicles, was acquired by Carquest in 2004 [7] and by Advance Auto Parts on January 2, 2014 when General Parts International was merged into Advance. Advance Auto Parts announced in November 2023 it would seek the sale of its WorldPac and Carquest Canada divisions.
Advance Auto Parts plans to open at least 60 new market hub stores by mid-2027, with a main goal to boost asset productivity and shareholder value. ... The company also recently sold its Worldpac ...
AVIC Auto 5667 China 47. Eberspächer: 5509 Germany 48. Hanon Systems: 5460 South Korea 49. LG Electronics: 5343 South Korea 50. Pirelli: 5331 Italy References
NAPA Auto Parts was established in 1925. [30] Some NAPA Auto Parts stores are owned and operated by GPC, but most are independently owned and operated. [31] There were approximately 6,000 NAPA Auto Parts stores in 2020. [30] GPC acquired UAP Inc. of Canada in 1998 and the Australian car parts supplier Exego Group in 2013.