Genuine Parts Company Announces Automotive Acquisition in Europe, Expanding Presence into Key New Markets in Spain and Portugal

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ATLANTA, April 13, 2022 /PRNewswire/ — Real Components Enterprise (NYSE: GPC) announced today an acquisition for its European Automotive business enterprise. Effective April 12, 2022, Alliance Automotive Group (AAG), the Firm’s wholly-owned automotive distribution corporation based mostly in London, U.K., obtained Lausan Group (Lausan).

GPC Symbol. (PRNewsFoto/Authentic Parts Company)

Lausan, started in 1953 and primarily based in Bilbao, Spain, is a foremost distributor of automotive aftermarket sections in Spain and Portugal, which represent the 5^th premier auto parc in Europe. Lausan serves its clients from an established community, which include a single countrywide distribution middle, nine regional hubs and 37 retailers. The Company expects Lausan to create yearly income of approximately €115 million ($125 million USD).

“We are pleased to increase our European automotive footprint with the addition of Lausan,” explained Paul Donahue, Chairman and Main Executive Officer of GPC. “With our entry into Spain and Portugal, we hope to even further bolster Lausan’s market-major situation by capitalizing on our European scale and purchasing skills, as effectively as leveraging the roll-out of our NAPA model throughout this location. We welcome the Lausan crew to the GPC and AAG household and are energized to perform alongside one another to maximize the progress possibilities in our European organization.”

With the addition of Lausan, AAG operates in nine European nations around the world: France, the United kingdom, Ireland, Germany, the Netherlands, Belgium, Poland, Spain and Portugal.

Ahead Looking Statements
This press launch incorporates “ahead-seeking statements” that are subject matter to the protected harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements in the potential tense and all statements accompanied by text this sort of as “predicted,” “alternatives,” “search ahead,” or similar expressions are intended to establish such forward-looking statements. These ahead-wanting statements incorporate statements pertaining to the acquisition of Lausan by GPC’s subsidiary, AAG, such as people relating to the revenues expected to be created by Lausan and AAG’s skill to even further bolster Lausan’s industry situation. Ahead-searching statements are based on information and facts at this time accessible to GPC and include estimates, expectations and projections. Buyers are cautioned that all such forward-hunting statements are issue to pitfalls and uncertainties, and vital aspects could trigger true occasions or effects to vary materially from people indicated by this kind of forward-searching statements. With regard to the proposed acquisition, these threats, uncertainties and factors incorporate, but are not minimal to: the chance that Lausan will not be built-in successfully the danger that the expense personal savings, synergies and progress from the acquisition could not be thoroughly understood or could take for a longer time to recognize than expected the diversion of management time on transaction-connected troubles and the hazard that prices involved with the integration of the small business are higher than predicted.

Added data regarding other threats and uncertainties that could affect GPC and its functions are also contained in GPC’s most the latest Annual Report on Type 10-K and subsequent Quarterly Studies on Type 10-Q and Recent Experiences on Kind 8-K submitted with the Securities and Trade Commission.

Quite a few of these risks, uncertainties and assumptions are beyond GPC’s skill to handle or forecast. Because of these dangers, uncertainties and assumptions, genuine final results may well differ materially, and you must not put undue reliance on these forward-seeking statements. On top of that, forward-searching statements communicate only as of the details at present available to the get-togethers on the day they are made, and GPC does not undertake any obligation to update publicly or revise any ahead-on the lookout statements to reflect events or situation that may come up soon after the day of such interaction, apart from as necessary by regulation.

Ahead-wanting statements are only as of the day they are designed, and the Organization undertakes no duty to update any ahead-on the lookout statements other than as needed by law. You are suggested, nevertheless, to review any even further disclosures we make on related topics in our subsequent Varieties 10-K, 10-Q, 8-K and other stories filed with the SEC.

About Legitimate Pieces Enterprise
Launched in 1928, Authentic Pieces Company is a world service organization engaged in the distribution of automotive and industrial substitute elements. The Firm’s Automotive Pieces Group distributes automotive substitute areas in the U.S., Canada, Mexico, Australasia, France, the U.K., Ireland, Germany, Poland, the Netherlands, Belgium, Spain and Portugal. The Company’s Industrial Parts Team distributes industrial substitution elements in the U.S., Canada, Mexico and Australasia. In full, the Firm serves its world wide prospects from an in depth community of extra than 10,000 destinations in 17 nations and has around 52,000 personnel. Even more facts is out there at www.genpt.com.

About Alliance Automotive Group
Alliance Automotive Team is a primary distributor of gentle and professional car components to the unbiased aftermarket in France, the U.K., Ireland, Germany, Poland, the Netherlands, Belgium, Spain and Portugal. AAG does company less than the Groupauto France, Precisium Group and Pièces Auto in France, Groupauto Uk and UAN in the Uk, Groupauto Eire in Ireland, Alliance Automotive Group Germany in Germany, Groupauto Poland in Poland, Partspoint, Precisium and Winparts in the Netherlands and Belgium and Lausan and Soulima in Spain and Portugal. AAG serves about 50,000 garages with in excess of 100,000 various parts for repair and upkeep from a network of a lot more than 700 corporation-owned stores and additional than 1,700 affiliated shops. Further data is readily available at www.allianceautomotivegroup.eu.