Genuine Parts Company (NYSE: GPC), announced Feb. 17 that it plans to separate into two independent publicly traded companies — one for its automotive parts business and one for its industrial parts business — in a transaction targeted for the first quarter of 2027.
The company, that operates the NAPA auto parts brand and the Motion industrial distribution brand, said the tax-free separation is intended to allow each business to operate with dedicated management, tailored capital structures and focused investment strategies.
“Genuine Parts Company has a proud history of evolving with our markets for nearly a century,” said Will Stengel,
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