Genuine Parts Co. has announced its plan to separate into two independent, publicly traded companies: Global Automotive, encompassing its Automotive Parts Group, and Global Industrial, comprising its Industrial Parts Group. The separation, targeted for completion in the first quarter of 2027, is anticipated to be a tax-free transaction for US federal tax purposes. The company aims to improve shareholder value, enhance strategic clarity, and boost operational focus and financial performance throu...
AftermarketInsight