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Genuine Parts Company (GPC) is an American company engaged in the distribution of automotive replacement parts, industrial replacement parts, office products and electrical/electronic materials. GPC serves numerous customers from more than 2,600 operations around the world, and has approximately 48,000 employees. [ 1 ]
In September 2017, Genuine Parts Company acquired Alliance Automotive Group (AAG), a leading European distributor of vehicle parts, tools and workshop equipment. AAG is the second largest parts distribution platform in Europe and focuses on light vehicle and commercial vehicle replacement parts.
General Motors was the first company in the industry to begin franchising in 1893. In 1909, Western Auto became the first retailer of aftermarket automotive parts in the United States. [5] In 1928, Genuine Parts Company as a distributor of automotive replacement parts, industrial parts and consumer supplies. Its largest component is NAPA Auto ...
Those results suggest that Genuine Parts will struggle to achieve any growth in 2024. In fact, management lowered their fiscal year target to call for gains of between 1% and 2%, compared to the ...
The real-money Inflation-Protected Income Growth portfolio owns shares of Genuine Parts Company . Genuine Parts, like every company in that portfolio, earned its place because at the time it was ...
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Motion Industries branch office Livonia, Michigan. Motion Industries is an industrial parts distributor for products including bearings; mechanical power transmission; electrical and industrial automation; hose, belting, and gaskets; hydraulic and pneumatics; process pumps; hydraulic and industrial hose; material handling; seals and accessories; and industrial/safety supplies. [5]
Shares of the auto parts chain fell on a disappointing earnings report.