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US Distributor Genuine Parts Acquires Merle´s Automotive Supply
Thursday 20 April 2017

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.

Terms of the deal were not disclosed.

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.

Genuine Parts company is a distributor of automotive replacement parts in the US, Canada, Mexico and Australasia.

The company also distributes industrial replacement parts in the US, Canada and Mexico through its Motion Industries subsidiary. S. P. Richards Co, the Office Products Group, distributes business products in the US and Canada.

The Electrical/Electronic Group, EIS, Inc., distributes electrical and electronic components throughout the US, Canada and Mexico. Genuine Parts Co had 2016 revenues of USD 15.3bn.
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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