Genuine Parts Company Announces New Operating Unit - Heavy Vehicle Parts Group USA
ATLANTA--Sept. 8, 2006--Genuine Parts Company is pleased to announce a new automotive operating unit, the Heavy Vehicle Parts Group USA. The new unit, based in Atlanta, Georgia, will have dedicated facilities across the U.S. which supply quality replacement parts for the repair and maintenance of heavy-duty trucks and trailers. This group will serve fleet operators, major repair facilities, trailer OEM's and others in the heavy-duty parts distribution channel.Jay Lott, a veteran to the heavy-duty industry and General Manager for the new operating unit, stated, "The U.S. heavy vehicle parts division follows the template established in our Canadian heavy-duty business. Through a network of three distribution centers and 80 stores, this group provides industry leading name brand parts, as well as quality private label HD Plus brake, suspension and other components, to fleet operators across Canada."
Tom Gallagher, Chairman, President and Chief Executive Officer of Genuine Parts Company added, "Our U.S. expansion in the heavy-duty aftermarket provides Genuine Parts with the opportunity to gain share in a replacement parts business currently estimated at $15-20 billion annually. We are pleased to have Jay lead this effort."
About Genuine Parts Company
Genuine Parts Company is a distributor of automotive replacement parts in the U.S., Canada and Mexico. The Company also distributes industrial replacement parts in the U.S. and in Canada through its Motion Industries subsidiary. S. P. Richards Company, the Office Products Group, distributes office products nationwide in the U.S. and in Canada. The Electrical/Electronic Group, EIS, Inc., distributes electrical and electronic components throughout the U.S. and in Canada and Mexico. Genuine Parts Company had 2005 revenues of $9.8 billion.