Genuine Parts Company announces intention to separate automotive and industrial business
Genuine Parts Company (GPC) announced its plan to separate into two independent, publicly traded companies: Global Automotive and Global Industrial. This strategic move aims to sharpen customer alignment, increase operational clarity, and enhance financial flexibility for both segments. The separation is expected to be completed in the first quarter of 2027 and qualify as a tax-free transaction for U.S. federal tax purposes to GPC shareholders.
https://www.repairerdrivennews.com/2026/02/18/genuine-parts-company-announces-intention-to-separate-automotive-and-industrial-business/