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Genuine Parts Company Enters Definitive Agreement To Complete Acquisition Of Australasia's Exego Group

Forward-looking statements are only as of the date they are made, and the Company undertakes no duty to update its forward-looking statements except as required by law. You are advised, however, to review any further disclosures we make on related subjects in our subsequent Forms 10-K, 10-Q, 8-K and other reports to the SEC.

About Genuine Parts Company

Genuine Parts Company is a distributor of automotive replacement parts and accessories in the U.S., Canada and Mexico. The Company also distributes industrial replacement parts in the U.S., Canada and Mexico through its Motion Industries subsidiary.  S. P. Richards Company, the Office Products Group, distributes business products nationwide in the U.S. and in Canada.  The Electrical/Electronic Group, EIS, Inc., distributes electrical and electronic components throughout the U.S., Canada and Mexico.  Genuine Parts Company had 2012 revenues of $13.0 billion.

About Exego Group

Exego Group is the largest automotive aftermarket parts and accessories supplier in Australia and New Zealand; reselling and distributing automotive replacement parts, accessories, and related automotive tools and equipment through a network of more than 430 stores and a team of more than 4,000 dedicated staff.  The company services both commercial and retail customers. 

Established in 1922, Exego Group's predecessor businesses first began supplying automotive parts and equipment to trade customers in 1926 and entered the New Zealand market in the early 1980s.  With over 90 years of operational experience, Exego Group brands are synonymous with automotive aftermarket products and have a high level of brand recognition among its commercial and retail customers in Australia and New Zealand, with more than 175,000 SKUs in its product range and more than 36,000 commercial customers.  Due to its market leadership and scale, Exego Group has underlying competitive advantages in branding, procurement and logistics.

SOURCE Genuine Parts Company

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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