NAPA Parent GPC Reports Solid First Quarter, Sees ‘Continued Strengthening’ of US Automotive Aftermarket
In the United States, sales for the Automotive Parts Group were up 2.5% and comparable store sales were up 3.5%.
Hennig Fahrzeugteile Group, headquartered in Essen, North Rhine-Westphalia, is one of Germany’s leading suppliers of vehicle parts.
Genuine Parts. Co. said it expects Hennig Fahrzeugteile Group to generate an estimated $190 million in annual revenue.
Genuine Parts Co. (GPC) has signed an agreement to acquire Alliance Automotive Group (AAG), a European distributor of vehicle parts, tools and workshop equipment, from private-equity funds managed by Blackstone and AAG’s co-founders.