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Genuine Parts Company (GPC)'s Alliance Automotive Group (AAG) bought AutoBinck's PartsPoint

Profile of the distributor of automotive aftermarket parts and accessories in the Benelux, expected annual revenues...
February 10, 2020 | 10:34pm CETpublic

Genuine Parts Company Completes Automotive Acquisition In Europe

Alliance Automotive Group Acquires Dutch based PartsPoint Group

ATLANTA, June 5, 2019 /PRNewswire/ -- Genuine Parts Company (NYSE: GPC) announced today that Alliance Automotive Group (AAG), the Company's wholly-owned automotive distribution company based in London, U.K., has completed the acquisition of Dutch based PartsPoint Group (PartsPoint), effective June 4, 2019.

PartsPoint, headquartered in Ede, Netherlands, is a leading distributor of automotive aftermarket parts and accessories in the Benelux. Through a network of one national distribution center, six regional warehouses and 147 branches, PartsPoint serves many thousands of customers across the Netherlands and Belgium, predominantly independent garages and wholesalers. The Company expects the acquired business to generate annual revenues of approximately $330 million (US$).

Paul Donahue, Chairman and Chief Executive Officer of Genuine Parts Company, stated, "PartsPoint Group is an excellent strategic fit for AAG and serves to expand our European footprint into the Benelux marketplace. The addition of PartsPoint is an important milestone in our growth strategy in Europe and we are excited for the opportunities we see in the Netherlands and Belgium in the years ahead. We are pleased to welcome the PartsPoint team into the AAG and GPC family."

About Genuine Parts Company

Genuine Parts Company is a distributor of automotive replacement parts in the U.S., Canada, Mexico, Australasia, France, the U.K., Germany and Poland. The Company also distributes industrial replacement parts and electrical specialty materials in the U.S., Canada and Mexico through its Industrial Products Group. S.P. Richards Company, the Business Products Group, distributes a variety of business products in the U.S. and Canada. Genuine Parts Company had 2018 revenues of $18.7 billion. Further information is available at www.genpt.com.

About Alliance Automotive Group

Alliance Automotive Group is a leading distributor of light and commercial vehicle parts to the independent aftermarket in France, Germany, the U.K., and Poland, doing business under the Groupauto France, Précisium, Partners and Gef'Auto brands in France, Groupauto UK, UAN and FPS in the UK, Alliance Automotive Group Germany in Germany and Groupauto Poland in Poland. AAG serves approximately 40,000 garages with over 100,000 different parts for repair and maintenance from a network of more than 300 company-owned stores and approximately 1,800 affiliated outlets. Further information is available at www.allianceautomotivegroup.eu.
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Related original News

AutoBinck to terminate wholesale of spare parts and accessories in Czech Rep

August 28, 2012 | 03:03am CEToriginal
Brezan Division will thus withdraw from one of three countries. Reasons, sale at reduced prices, suppliers of Brezan, customers of PartsPoint...
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