Profile: Genuine Parts Co (GPC.N)
24 May 2019
Genuine Parts Company, incorporated on May 7, 1928, is a service organization engaged in the distribution of automotive replacement parts, industrial replacement parts, office products and electrical/electronic materials. The Company's segments include Automotive, Industrial, Office Products Group and Electrical/Electronic Materials. As of December 31, 2016, the Company conducted its business from approximately 2,670 locations throughout the United States, Canada, Mexico, Australia and New Zealand.
Automotive Parts Group
The automotive segment distributes replacement parts (other than body parts) for all makes and models of automobiles, trucks and other vehicles. As of December 31, 2016, in addition to approximately 474,000 available part numbers, the Company offered inventory, cataloging, marketing, training and other programs in the automotive aftermarket. The Company's Automotive Parts Group includes NAPA automotive parts distribution centers and automotive parts stores (auto parts stores or NAPA AUTO PARTS stores); NAPA and Traction automotive parts distribution centers and auto parts stores owned and operated by the Company and NAPA Canada/UAP Inc. (NAPA Canada/UAP); auto parts stores and distribution centers in the United States; auto parts stores in Canada operated by corporations in which UAP owns interest; Repco and other automotive parts distribution centers, branches and auto parts stores owned and operated by GPC Asia Pacific; import automotive parts distribution centers in the United States owned by the Company and operated by its Altrom America division; import automotive parts distribution centers in Canada owned and operated by Altrom Canada Corporation (Altrom Canada); distribution centers in the United States owned by Balkamp, Inc. (Balkamp); distribution facilities in the United States owned by the Company and operated by its Rayloc division; automotive parts distribution centers and automotive parts stores in Mexico, owned and operated by Grupo Auto Todo, S.A. de C.V. (Auto Todo), and an automotive parts distribution center and automotive parts stores in Mexico, owned and operated by Autopartes NAPA Mexico (NAPA Mexico).
The Company has interest in Mitchell Repair Information (MRIC). MRIC is an automotive diagnostic and repair information company that links North American subscribers to its services and information databases. Its NAPA automotive parts distribution centers distribute replacement parts (other than body parts) for substantially all motor vehicle makes and models in service in the United States, including imported vehicles, trucks, Sport utility vehicles (SUVs), buses, motorcycles, recreational vehicles and farm vehicles. In addition, the Company distributes replacement parts for small engines, farm equipment and heavy-duty equipment. Its inventories also include accessory items for such vehicles and equipment, and supply items used by a range of customers in the automotive aftermarket, such as repair shops, service stations, fleet operators, automobile and truck dealers, leasing companies, bus and truck lines, mass merchandisers, farms, industrial concerns and individuals performing their own maintenance and parts installation. As of December 31, 2016, the Company operated 57 domestic NAPA automotive parts distribution centers located in 41 states and approximately 1,100 domestic Company-owned NAPA AUTO PARTS stores located in 45 states. As of December 31, 2016, it also operated domestically a TW Distribution heavy-duty parts distribution center and 20 Company-owned Traction Heavy Duty parts stores located in four states.
As of December 31, 2016, NAPA Canada/UAP operated a network of nine NAPA automotive parts distribution centers, three heavy-duty parts distribution centers and a fabrication/remanufacturing facility supplying approximately 595 NAPA stores and 107 Traction wholesalers. As of December 31, 2016, in Canada, Altrom Canada operated four import automotive parts distribution centers and 29 branches. As of December 31, 2016, in the United States, Altrom America operated two import automotive parts distribution centers and six branches. As of December 31, 2016, in Australia and New Zealand, GPC Asia Pacific operated 11 distribution centers, 474 Repco and other banner stores and 80 branches associated with the Ashdown Ingram, Motospecs, McLeod and RDA Brakes operations. As of December 31, 2016, In Mexico, Auto Todo owned and operated 11 distribution centers, two auto parts stores and three tire centers.
The Company's distribution centers have access to approximately 500,000 various parts and related supply items. Balkamp, a subsidiary of the Company, distributes a variety of replacement parts and accessory items for passenger cars, heavy-duty vehicles, motorcycles and farm equipment. In addition, Balkamp distributes service items, such as testing equipment, lubricating equipment, gauges, cleaning supplies, chemicals and supply items used by repair shops, fleets, farms and institutions. As of December 31, 2016, the Company, through its Rayloc division, operated four facilities where certain small automotive parts are distributed through the NAPA system. As of December 31, 2016, the Company's Heavy Vehicle Parts Group operated as TW distribution, with one warehouse location in Atlanta, Georgia, which served 27 traction heavy duty parts stores in the United States. The Company offers its NAPA AUTO PARTS store customers various management aids, marketing aids and service on topics, such as inventory control, cost analysis, accounting procedures, group insurance and retirement benefit plans, as well as marketing conferences and seminars, sales and advertising manuals and training programs.
Industrial Parts Group
The Company's industrial segment distributes a range of industrial bearings, mechanical and fluid power transmission equipment, including hydraulic and pneumatic products, material handling components and related parts and supplies. The Industrial Parts Group is operated as Motion Industries, Inc. (Motion). Motion distributes bearings, mechanical and electrical power transmission, industrial automation, hose, hydraulic and pneumatic components, industrial supplies and material handling products to maintenance, repair and operation (MRO) and original equipment manufacturer (OEM) customers throughout the United States, Canada and Mexico. The Industrial Parts Group serves its customers in all types of industries located throughout North America, including the food and beverage, forest products, primary metals, pulp and paper, mining, automotive, oil and gas, petrochemical and pharmaceutical industries, as well as strategically targeted specialty industries, such as power generation, wastewater treatment facilities, alternative energy, government, transportation and ports.
The Industrial Parts Group provides customers with supply chain efficiencies achieved through the Company's Inventory Management Solutions offering. This service provides inventory management, asset repair and tracking, vendor managed inventory (VMI), as well as radio frequency identification (RFID) asset management of the customer's inventory. Motion also provides a range of services and repairs, such as gearbox and fluid power assembly repair, process pump assembly and repair, hydraulic drive shaft repair, electrical panel assembly and repair, hose and gasket manufacture and assembly, as well as other services. In North America, the Industrial Parts Group operated 483 branches, 13 distribution centers and 43 service centers as of December 31, 2016. The service centers provide hydraulic, hose and mechanical repairs for customers. The Industrial Parts Group distributes a range of parts and products to its customers, which are primarily industrial concerns. Products include such items as hoses, belts, bearings, pulleys, pumps, valves, chains, gears, sprockets, speed reducers, electric motors and industrial supplies. It also offers systems and automation products for motion control and process automation for systems integration of plant equipment.
Office Products Group
The Company's office products segment distributes a range of office products, computer supplies, office furniture, and business electronics. The Office Products Group is operated through S. P. Richards Company (S. P. Richards). S. P. Richards' products are used in homes, businesses, schools, offices and other institutions. S. P. Richards Canada services office product resellers throughout Canada from locations in Vancouver, Toronto, Calgary, Edmonton and Winnipeg. As of December 31, 2016, the Office Products Group distributed more than 69,000 items to over 9,300 resellers and distributors throughout the United States and Canada from a network of 56 distribution centers. The Office Products Group sells to a variety of resellers, including independently owned office product dealers, national office product superstores and mass merchants, contract stationers, mail order companies, Internet resellers, college bookstores, military base stores, office furniture dealers, value-added technology resellers, business machine dealers, janitorial and sanitation supply distributors, safety product resellers and food service distributors. The resellers are offered marketing programs, which include print and electronic catalogs and flyers, digital content and e-mail campaigns for reseller Websites, and education and training resources.
The Office Products Group distributes technology products and consumer electronics, including storage media, printer supplies, iPad, iPhone and computer accessories, calculators, shredders, laminators, copiers, printers, fitness bracelets and digital cameras; office furniture, including desks, credenzas, chairs, chair mats, office suites, panel systems, file, mobile and storage cabinets and computer workstations; general office supplies, including desk accessories, business forms, accounting supplies, binders, filing supplies, report covers, writing instruments, envelopes, note pads, copy paper, mailroom and shipping supplies, drafting and audiovisual supplies; school supplies, including bulletin boards, teaching aids and art supplies; healthcare products, including first aid supplies, gloves, exam room supplies and furnishings, cleaners and waste containers; janitorial and cleaning supplies; safety supplies; disposable food service products, and breakroom supplies including napkins, utensils, snacks and beverages. S. P. Richards also markets products under its nine brands, including Sparco, an economical line of office supply basics; Compucessory, a line of computer accessories; Lorell, a line of office furniture; NatureSaver, an offering of recycled products; Elite Image, a line of new and remanufactured toner cartridges, papers and labels; Integra, a line of writing instruments; Genuine Joe, a line of cleaning and breakroom products; Business Source, a line of basic office supplies available only to independent resellers, and Lighthouse, a brand of janitorial and cleaning products offered through the GCN business.
Electrical/Electronic Materials Group
The Company's electrical/electronic materials segment distributes a range of electrical/electronic materials, including insulating and conductive materials for use in electronic and electrical apparatus. The Electrical/Electronic Materials Group is operated as EIS, Inc. (EIS). As of December 31, 2016, EIS distributed over 100,000 items, including wire and cable, insulating and conductive materials, assembly tools and test equipment. The Electrical/Electronic Materials Group provides distribution services to original equipment manufacturer (OEMs), motor repair shops, specialty wire and cable users and a variety of industrial assembly markets. EIS actively utilizes its e-commerce Internet site to present its products to customers. Electrical and electronic, industrial assembly, and wire and cable products are distributed from warehouse locations in user markets throughout the United States, as well as in Mexico, Canada, Puerto Rico and the Dominican Republic.
As of December 31, 2016, the Electrical/Electronic Materials Group distributed a variety of products to customers from over 2,000 suppliers. These products include custom fabricated flexible materials that are used as components within a customer's manufactured finished product in a variety of market segments. Among the products distributed and fabricated are such items as magnet wire, conductive materials, electrical wire and cable, insulating and shielding materials, assembly tools, test equipment, adhesives and chemicals, pressure sensitive tapes, solder, anti-static products, thermal management products and coated films. The Company has developed Advanced Inventory Management System (AIMS), which is an automated solution for inventory management. EIS' Integrated Supply offering also includes AIMS EASI, an electronic vending dispenser used to eliminate tool cribs, or in-house stores, at customer warehouse facilities.
Genuine Parts Co
2999 Wildwood Pkwy
ATLANTA GA 30339-8580