Genuine Parts Acquires Two Companies, Adds $70M in Revenue
June 23, 2016—Genuine Parts Company announced Tuesday that it has acquired Auto-Camping Ltd. and select assets within the Janitorial and Sanitation (Jan/San) business of Rochester Midland Corporation.
"The purchase of these two businesses represents our ongoing commitment to accretive growth through targeted acquisitions. The purchase of Auto-Camping complements our Olympus Import Parts acquisition in the first quarter of 2016 and further expands our product offering and distribution capabilities in the fast growing import parts sector of the aftermarket. Our Jan/San investment supports our diversification strategy and growth initiatives at S.P. Richards. We are pleased to add both businesses to the GPC family and we look forward to their future contributions to the growth of the Company," Paul Donahue, president and CEO of Genuine Parts Company, said.
Auto-Camping Ltd., specializing in providing OE parts for European vehicles, has 20 locations across Canada and will add an additional $50 million in annual revenue for Genuine Parts.
The Jan/San business supplies janitorial and sanitation accessories to more than 400 distributors in North America. It is expected to generate approximately $20 million in annual revenue.