The 2020 Mid-Year Economic Update_long

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.

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