Genuine Parts Co. Completes Automotive Acquisition In Europe

Genuine Parts Co. (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 Netherlands-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 thousands of customers across the Netherlands and Belgium, predominantly independent garages and wholesalers. GPC expects the acquired business to generate annual revenues of approximately $330 million (US).

Paul Donahue, chairman and CEO 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.”

Federated Auto Parts Distributors announced it is entering into a collaboration with the Association of Independent Oil Distributors (AIOD) – one it said will focus on mutual benefits for the respective members.

“Federated is constantly looking at ways to improve value for all constituents and this agreement provides that,” said Sue Godschalk, president of Federated. “This collaboration provides added volume and opportunities for our suppliers, new partners for our members, and added supply points and products for shop customers. We have enjoyed working closely with several AIOD members in the past and this agreement will expand and create further opportunities for both Federated and AIOD.”