Genuine Parts Company Announces Industrial and Automotive Acquisitions

The acquisitions are expected to add $100 million on annual revenues for the company.

Genuine Parts Company, Atlanta, GA, has announcedacquisitions for both its Industrial Group, Motion Industries, and its U.S. Automotive Parts Group. Financial terms of the transactions were not disclosed.

Motion Industries has entered into a definitive agreement to acquire Hydraulic Supply Company, Sunrise, FL, full-service fluid power distributor, with a broad product offering of hydraulic, pneumatic and industrial components and systems. HSC is expected to generate annual revenues of $85 million.

GPC has also agreed to acquire Hastings Auto Parts, Inc., Detroit, MI, adding four stores to GPC’s distribution footprint and further expanding the company’s presence in the Detroit market. Hastings is expected to generate annual revenues of $10 million.

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.