GPC last month agreed to acquire Kaman Distribution Group under GPC’s wholly-owned subsidiary, Motion Industries, Inc.
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'Highly synergistic' acquisition valued at $1.3 billion, according to Genuine Parts Company.
Genuine Parts Co., the parent of Motion, reported that the distributor’s 1Q sales of $1.5 billion were up 0.1% year-over-year and represented 34% of the company’s revenues in the period.
Genuine Parts Co., the parent of Motion, reported that the distributor’s 4Q sales of $1.4 billion were down 3.3% year-over-year and represented 34% of the company’s revenues in the period.
Stengel previously served as chief transformation officer of the company of Genuine Parts and his background also includes executive roles at HD Supply.
