Department Stores M&A » By The Online Investor Staff, updated Fri., Apr. 19, 10:14 AM
Recent mergers and acquisitions in the Department Stores M&A category.
Slide #12. Genuine Parts Company — Tekra Corporation and AST Bearings LLC
Acquirer: |
Genuine Parts Company (NYSE:GPC) |
Acquiree: |
Tekra Corporation and AST Bearings LLC |
Details: |
Effective October 31, 2013, the Company's Electrical Group, EIS, Inc. ("EIS"), closed on the acquisition of the assets of Tekra Corporation ("Tekra"). Tekra, headquartered in New Berlin, Wisconsin, is a leading independent coater, converter and distributor of specialty films and adhesives, which complements the fabrication capabilities at EIS. The Company expects the acquired business to generate annual revenues of approximately $75 million. The Company's Industrial Group, Motion Industries ("Motion"), acquired the stock of AST Bearings LLC ("AST"), effective October 26, 2013. AST is a value-added supplier of high precision bearings and related products, with two locations in Montville, New Jersey and Irvine, California. The Company expects the acquired business to generate annual revenues of approximately $35 million. |
Genuine Parts is a service organization engaged in the distribution of automotive and industrial replacement parts. Co.'s segments are: Automotive Parts Group, which distributes automotive parts, accessories and service items and provides inventory, cataloging, marketing, training and other programs to the automotive aftermarket; and Industrial Parts Group, which includes its subsidiary, Motion Industries, Inc., that distributes industrial replacement parts and related supplies such as bearings, mechanical and electrical power transmission products, industrial automation and robotics, hose, hydraulic and pneumatic components, industrial and safety supplies and material handling products.
Genuine Parts SEC Filing Email Alerts Service
Open the GPC Page at The Online Investor »
Company Name: |
Genuine Parts Co. |
Website: |
www.genpt.com |
Sector: |
Auto Parts |
Number of ETFs Holding GPC: |
102 |
Total Market Value Held by ETFs: |
$4.16B |
Total Market Capitalization: |
$20.15B |
% of Market Cap. Held by ETFs: |
20.65% |
|
Open the GPC Page at The Online Investor (in a new window) »
|
April 19, 2024 10:14 AM Eastern
Buy (2.67 out of 4)
100th percentile
|
|