Real Elements Firm declares automotive acquisition in Europe, increasing presence to key new markets in Spain and Portugal


atlanta, 13 April 2022 /PRNewswire/ — Real Elements Firm (NYSE:GPC) right this moment introduced the acquisition of its European automotive enterprise. efficient 12 April 2022Alliance Automotive Group (AAG), the corporate’s wholly owned automotive distribution firm positioned in London, UKAcquired Lawson Group (Lawson).

Lawson, established in 1953 and positioned in Bilbao, Spainis a number one distributor of automotive aftermarket components in Spain And Portugalwhich 5. signifyth largest automotive park Europe, Lawson serves its prospects from a longtime community, which features a nationwide distribution heart, 9 regional facilities and 37 shops. The corporate expects Lawson to generate annual income of roughly €115 million ($125 million USD,

“We’re happy to develop our European automotive footprint with Lawson,” stated Paul DonahuePresident and Chief Govt Officer of GPC. “With our admission Spain And PortugalWe count on to additional strengthen Lausan’s market-leading place by capitalizing on our European scale and buying experience, in addition to by leveraging the roll-out of our NAPA model on this area. We welcome the Lawson group to the GPC and AAG household and are excited to work collectively to maximise progress alternatives in our European enterprise.”

Along with Lawson, AAG operates in 9 European nations: Franceuk, Eire, Germany, Netherlands, Belgium, Poland, Spain And Portugal,

forward-looking statements
This press launch accommodates “forward-looking statements” which might be topic to the secure harbor provisions of the Non-public Securities Litigation Reform Act of 1995. All statements sooner or later tense and all statements with phrases like “anticipated,” “alternative.” “Look forward,” or related expressions are supposed to establish such forward-looking statements. These forward-looking statements embody statements concerning the acquisition of Lawson by AAG, a subsidiary of GPC, concerning revenues to be generated by Lawson and AAG’s means to additional strengthen Lawson’s market place. Ahead-looking statements are primarily based on info at present accessible to GPC and embody estimates, expectations and estimates. Traders are cautioned that every one such forward-looking statements are topic to dangers and uncertainties, and materials elements may trigger precise occasions or outcomes to vary materially from these indicated by such forward-looking statements. In reference to the proposed acquisition, these dangers, uncertainties and elements embody, however are usually not restricted to: the danger that Lawson is not going to be efficiently built-in; the danger that the fee financial savings, synergies and progress from the acquisition might not be totally realized or might take longer than anticipated; Diversion of administration time on transaction associated points; and the danger that the fee related to the mixing of the enterprise exceeds the estimate.

Further info concerning GPC and different dangers and uncertainties affecting its operations can also be included in GPC’s most up-to-date Annual Report on Type 10-Ok and subsequent Quarterly Stories on Type 10-Q and the Present Report filed with Securities on Type 8-Ok Has been. alternate Fee.

Many of those dangers, uncertainties and assumptions are past the GPC’s means to manage or predict. As a result of these dangers, uncertainties and assumptions, precise outcomes may differ materially, and you shouldn’t place undue reliance on these forward-looking statements. As well as, forward-looking statements converse solely as at present accessible to the events, and GPC doesn’t undertake any obligation to publicly replace or revise any forward-looking statements to mirror occasions or circumstances. doesn’t take date of such communication, besides as required by legislation.

Ahead-looking statements are as of the date they had been made, and the corporate undertakes no responsibility to replace any forward-looking statements besides as required by legislation. Nonetheless, you’re suggested to evaluate some other disclosures we make on associated subjects in our subsequent Type 10-Ok, 10-Q, 8-Ok and different experiences filed with the SEC.

About Real Elements Firm
Established in 1928, Real Elements Firm is a world service group engaged within the distribution of automotive and industrial alternative components. The corporate’s Automotive Elements Group distributes automotive alternative components within the US, Canada, MexicoAustralia, Franceuk, Eire, Germany, Poland, Netherlands, Belgium, Spain And Portugal, The corporate’s Industrial Elements Group distributes industrial alternative components within the US, Canada, Mexico and Australia. In whole, the corporate serves its international prospects from an in depth community of greater than 10,000 places in 17 nations and has roughly 52,000 workers. Extra info is obtainable at www.genpt.com.

About Alliance Automotive Group
Alliance Automotive Group is a number one distributor of sunshine and industrial car components for the impartial aftermarket. Franceuk, Eire, Germany, Poland, Netherlands, Belgium, Spain And Portugal, AAG Groupauto France, Precisium Group and Pièces Auto in . does enterprise beneath FranceGroupAuto UK and UAN in UK, GroupAuto in Eire EireAlliance Automotive Group Germany in GermanyGroupauto Poland in PolandPartsPoint, Precisium and WinParts in Netherlands And Belgium and in Lausanne and Soualima Spain And Portugal, AAG serves roughly 50,000 garages with over 100,000 completely different components for restore and upkeep from a community of over 700 company-owned shops and over 1,700 affiliated shops. Extra info is obtainable at www.allianceautomotivegroup.eu.

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