Home » Genuine Parts Co. Office Products Group Agrees to Buy ActionEmco Assets
Genuine Parts Co. Office Products Group Agrees to Buy ActionEmco Assets
August 18, 2008
The Office Products Group of Genuine Parts Co., Atlanta, GA -S.P. Richards Company -has agreed to buy the Midwestern U.S. business assets of ActionEmco. ActionEmco is a regional office products distributor.
S.P. Richards is buying the business the company services from its Grand Rapids, MI, distribution center. The company expects the purchase to generate additional annual revenues of $50 million.
Thomas C. Gallagher, president and CEO of Genuine Parts, said: Like S.P. Richards, ActionEmco has been actively involved in the office products industry for many years and both companies have shown considerable growth in their Midwest business over the years. We believe this combination is a very good fit for S.P. Richards, ActionEmco and our customers, and we look forward to further expansion as a combined entity."
Genuine Parts Company is a distributor of automotive replacement parts in the U.S., Canada and Mexico. The company also distributes industrial replacement parts in the U.S. and Canada through its Motion Industries subsidiary. S.P. Richards Company, the Office Products Group, distributes business products nationwide in the U.S. and in Canada. The Electrical/Electronic Group, EIS, Inc., distributes electrical and electronic components throughout the U.S., Canada and Mexico. Genuine Parts Company had 2007 revenues of $10.8 billion.