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GPC > SEC Filings for GPC > Form 8-K on 3-Feb-2014All Recent SEC Filings

Show all filings for GENUINE PARTS CO

Form 8-K for GENUINE PARTS CO


3-Feb-2014

Other Events, Financial Statements and Exhibits


Item 8.01 Other Events.

On February 3, 2014, Genuine Parts Company (NYSE: GPC) announced three acquisitions for its Industrial, Electrical/Electronic and Office Groups.

Effective January 31, 2014, Motion Industries (Canada), Inc. ("Motion Canada"), an indirect wholly-owned subsidiary of the Company's Industrial Group, Motion Industries ("Motion"), completed the acquisition of all of the issued and outstanding common shares of Commercial Solutions Inc. ("CSI"), as previously announced on December 2, 2013. 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 approximately $100 million in annual revenues.

Effective February 1, 2014, EIS, the Company's Electrical/Electronic Material Group, closed on the acquisition of the assets of Electro-Wire, Inc. ("Electro-Wire"). Headquartered in Schaumburg, Illinois, Electro-Wire is a leading North American distributor and contract manufacturer of specialty wire and cable products with four locations in the United States and primarily serving the telecom and transit markets. The Company expects the acquired business to generate annual revenues of approximately $100 million.

Finally, S. P. Richards, the Company's Office Products Group, has acquired the assets of Garland C. Norris Company, Inc. ("GCN"), also effective February 1, 2014. Headquartered in Apex, North Carolina, GCN is a regional wholesale distributor of Food Service Disposables and Janitorial and Cleaning supplies. The Company expects the acquired business to generate approximately $35 million in annual revenues.

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 February 3, 2014


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