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Genuine Parts previously purchased a 35% stake in Inenco in 2017.
Peggy Troy and Rose Schooler join the companys board of directors effective immediately.
Geoff Drabble will succeed Gareth Davis as chairman after the 2019 annual general meeting.
Erie Press has reported annual revenues of $20 million.
Current CFO Anthony Dodds takes on the role of president.
Alantra served as financial advisor to Crosby and Kirkland & Ellis and Vinge served as legal advisors.
The CFNAI Diffusion Index decreased to 0.22 during the month.
The acquisition will expand PIP Globals product offering and channel penetration.
Christian Wiltrout was most recently president, Americas at Optimas OE Solutions.
