Genuine Parts Company announced that its Alliance Automotive Group (AAG) wholly-owned automotive distribution company based in London, U.K., has completed the acquisition of Dutch 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 many thousands of customers across the Netherlands and Belgium, predominantly independent garages and wholesalers. The company expects the acquired business to generate annual revenues of approximately $330 million (US$).
Paul Donahue, Chairman and Chief Executive Officer 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.