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GPC > SEC Filings for GPC > Form 8-K on 2-Dec-2013All Recent SEC Filings

Show all filings for GENUINE PARTS CO

Form 8-K for GENUINE PARTS CO


2-Dec-2013

Other Events, Financial Statements and Exhibits


Item 8.01 Other Events.

On December 2, 2013 Genuine Parts Company (NYSE: GPC) announced two acquisitions in its Industrial Group.

On December 2, 2013 Motion Industries (Canada), Inc. ("Motion Canada"), an indirect wholly-owned subsidiary of the Company's Industrial Group, Motion Industries ("Motion"), has entered into a definitive agreement whereby Motion Canada has agreed to acquire all of the issued and outstanding common shares of Commercial Solutions Inc. ("CSI"). Consummation of the merger transaction is expected in the first quarter of 2014, and is contingent upon satisfaction of customary closing conditions, shareholder approval and receipt of applicable regulatory and court approvals.

CSI (TSX: CSA), headquartered in Edmonton, Alberta, is one of Canada's leading independent national distributors of industrial supplies, including bearings and power transmission products, complete solutions for drilling rigs and industrial and safety supplies. Its customers represent a broad cross-section of industries and are served from 22 locations across Canada and one in the U.S. The Company expects the acquired business to generate more than $100 million in annual revenues.

On December 2, 2013, Motion closed on the acquisition of the assets of Paragon Service & Supply, Inc. ("Paragon"). Headquartered in Lima, Ohio, Paragon is an industrial distributor serving metalworking customers throughout the region with custom designed tooling. The Company expects the acquired business to generate annual revenues of approximately $15 million.

A copy of the press release is furnished with this Current Report on Form 8-K as Exhibit 99.1.



Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

99.1 Press Release dated December 2, 2013


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