Genuine Parts Company is an American company that specializes in distributing automotive and industrial replacement parts, office products, and electrical materials. The company was founded in 1928 by Carlyle Fraser, and it is headquartered in Atlanta, Georgia. It operates in four main segments: Automotive Parts Group, Industrial Parts Group, Business Products Group, and Electrical/Electronic Materials Group.
The Automotive Parts Group offers a wide range of products for all types of vehicles, including replacement parts, batteries, filters, and chemicals. The group has operations in the United States, Canada, Mexico, Australasia, and Europe. The Industrial Parts Group distributes bearings, power transmission products, hydraulic and industrial hoses, and other related industrial products. The group operates in the United States, Canada, and Mexico.
The Business Products Group provides office products, computer supplies, and cleaning and maintenance equipment. It operates in the United States and Canada. The Electrical/Electronic Materials Group offers a range of electrical and electronic materials, including wire and cable, connectors, and other related products. The group operates in the United States and Mexico.
Genuine Parts Company went public in 1948 and is traded on the New York Stock Exchange under the symbol GPC. As of 2021, the company has over 50,000 employees worldwide and operates over 2,600 locations in 32 countries. In recent years, the company has focused on expanding its e-commerce platform and digital capabilities to enhance its customer experience and improve operational efficiency.
In addition to its distribution operations, Genuine Parts Company has also made several acquisitions to diversify its business and expand into new markets. For example, in 2017, the company acquired Alliance Automotive Group, a leading European distributor of automotive parts, tools, and workshop equipment. This acquisition helped Genuine Parts Company to significantly expand its operations in Europe and strengthen its position as a global leader in the automotive and industrial parts industry.