Deal Snapshot
US DISTRIBUTOR GENUINE PARTS ACQUIRES MERLE´S AUTOMOTIVE SUPPLY
Thursday 20 April 2017

US-based automotive replacement parts distributor Genuine Parts Company (NYSE: GPC) has entered into a definitive agreement to acquire US-based automotive parts distributor Merle's Automotive Supply (Merle's), with an effective close date of 1 May 2017, the company said.
Merle's, founded in 1969 and based in Tucson, Arizona, is a 14 location automotive parts distributor serving both the commercial and retail markets in the greater Tucson and southern Arizona area. The addition of Merle's will consolidate into Genuine's US automotive operations and is expected to generate approximate annual revenues of USD 45m.


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Details
Date Published: 20/04/2017
Target: Merle´s Automotive Supply
Country: USA
Sector: Motor Vehicles
Type: Corporate acquisition
Financing:
Status: Agreed
Vendor:
Buyer: Genuine Parts Company
Comment:
Terms of the deal were not disclosed

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