Genuine Parts Company

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Genuine Parts Company
Public
Traded as NYSEGPC
Founded 1928
Headquarters Atlanta, Georgia, USA
Key people
Thomas C. Gallagher, CEO
Number of employees
39,000
Website genpt.com

Genuine Parts Company, (NYSEGPC), is a service organization engaged in the distribution of automotive replacement parts, industrial replacement parts, office products and electrical/electronic materials. GPC serves numerous customers from more than 2,600 operations around the world and has approximately 39,000 employees. [1]

Company Overview[edit]

Founded in 1928,[2] GPC is headquartered in Atlanta, Georgia and consists of multiple subsidiaries, including the Automotive Parts Group, the Industrial Parts Group, the Office Products Group,and the Electrical / Electronic Parts Group. [3] The Company has paid a cash dividend to shareholders every year since going public in 1948 [3] and is currently building a new headquarters building in Cobb County, Georgia, situated in the greater Atlanta area.[4]

History[edit]

In 1928, Carlyle Fraser founded GPC with the purchase of Motor Parts Depot in Atlanta, Georgia for $40,000. He renamed the parts store Genuine Parts Company. The original Genuine Parts Company store had annual sales of just $75,000, and six employees.

For the next 50+ years, GPC, in relationship with NAPA, the National Automotive Parts Association, grew rapidly as independent garages for car repair emerged to meet the nation's growing of motor vehicles. In the last 35+ years, GPC has continued to grow through the acquisition of other companies in the automotive industry, as well as in the industrial, office and electrical industries.

Today GPC is a leading parts distributor with over 2,600 operations and approximately 39,000 employees.[5]

Company Timeline[edit]

1925 National Automotive Parts Association established.
1928 Genuine Parts Company established.
1948 GPC Initial Public Offering.
1975 Acquired S.P. Richards Company.
1976 Acquired Motion Industries.
1994 Joint Venture with Auto Todo.
1998 Acquired EIS.
2008 Acquired Altrom.
2013 Acquired GPC Asia Pacific.[5]

Subsidiaries[edit]

The Automotive Parts Group distributes automotive replacement parts, accessory items and service items throughout North America, Australia and New Zealand. In North America, parts are sold primarily under the NAPA (National Automotive Parts Association) brand name and is widely recognized for quality parts, quality service and knowledgeable people. In total, serves approx. The Company’s GPC Asia Pacific business serves the Australasian markets primarily under the brand name Repco.[3]

The Automotive Parts Group supports over 6,000 NAPA AUTO PARTS stores throughout the United States, 700 wholesalers in Canada and 481 automotive locations in Australia and New Zealand. These stores sell to both the Retail (DIY) and Commercial (DIFM) automotive aftermarket customer and cover the majority of all domestic and foreign motor vehicle models. [3]

The Industrial Parts Group, operating under the name Motion Industries, offers more than 5.9 million industrial replacement parts and related supplies. The Group serves over 150,000 MRO and OEM customers throughout North America and in all types of industries. These include the food and beverage, forest products, primary metal, pulp and paper, mining, automotive, oil and gas, petrochemical and pharmaceutical industries. Strategically targeted specialty industries include power generation, waste-water treatment facilities, wind power generation, solar power, government projects, pipelines, railroads and ports, among others. Motion Industries is headquartered in Birmingham, Alabama and operates 15 distribution centers, 523 branches, and 39 service centers in the United States, Canada, Mexico, and Puerto Rico.[3]

The Office Products Group, operating under the name S.P. Richards, distributes more than 61,000 items to over 5,200 resellers and distributors throughout the United States and Canada from a network of 44 distribution centers. Customers include independently owned office product dealers, large contract stationers, national office supply superstores, mail order distributors, internet resellers, college bookstores, office furniture dealers, janitorial and sanitation supply distributors, safety product resellers and food service distributors. S.P. Richards is headquartered in Atlanta, Georgia and operates 34 full-stocking distribution centers, 2 furniture only distribution centers, 5 S.P. Richards Canada distribution centers, 1 GCN Distribution Center, and 2 impact products distribution centers. [3]

The Electrical/Electronic Materials Group, operating under the name EIS, Inc. is one of North America's leading distributors of process materials, production supplies, industrial MRO and value added fabricated parts. EIS, Inc. is headquartered in Atlanta, Georgia, and operates 49 branches and 7 fabrication facilities in the United States, Canada, Mexico, Puerto Rico and the Dominican Republic. [3]

References[edit]

  1. ^ name="Genuine Parts Company Annual Report">name=Genuine Parts Company 2014 Annual Report[file:///C:/Users/362937/Downloads/2014+Annual+Report%20(2).pdf]
  2. ^ "About Us". Genuine Parts Company. 
  3. ^ a b c d e f g name=Genuine Parts Company 2014 Annual Report[file:///C:/Users/362937/Downloads/2014+Annual+Report%20(2).pdf]
  4. ^ http://www.bizjournals.com/atlanta/news/2014/11/20/genuine-parts-moving-its-home-base-to-wildwood.html
  5. ^ a b http://www.genpt.com/about_history.html

External links[edit]