The company has reported record sales of $5.3 billion, up 18.6%.
Acquisition expands GPC’s presence into key new markets in Spain and Portugal.
Leadership 2.0 participants are taking part in Session II of this program this week in Raleigh, North Carolina.
GPC intends to use the net proceeds from this offering to finance a significant portion of its recent acquisition of Kaman Distribution Group.
KDG is a leading power transmission, automation and fluid power industrial distributor and solutions provider.
The transaction is expected to close in the first quarter of 2022, subject to the satisfaction of customary closing conditions.
The company’s board of directors also declared a regular quarterly dividend.
Naveen Krishna joins GPC as executive vice president and chief information & digital officer.
The dividend is payable July 1, 2021 to shareholders of record June 4, 2021.
Napoleon Rutledge appointed to chief accounting officer.