Genuine Parts Co
Genuine Parts Company, a Georgia corporation incorporated on May'7, 1928, is a
service organization engaged in the distribution of automotive replacement parts,
industrial replacement parts, office products and electrical/electronic materials.
In 2003, business was conducted throughout the United States, in Canada and in
Mexico from approximately 1,800 locations.
AUTOMOTIVE PARTS GROUP.
The Automotive Parts Group, the largest division of the Company, distributes
automotive replacement parts and accessory items. The Company is the largest
member of the National Automotive Parts Association ('NAPA'), a voluntary trade
association formed in 1925 to provide nationwide distribution of automotive
parts. In addition to over 300,000 available part numbers, the Company, in conjunction
with NAPA, offers complete inventory, cataloging, marketing, training and other
programs in the automotive aftermarket.
INDUSTRIAL PARTS GROUP
The Industrial Parts Group distributes industrial replacement parts and related
supplies throughout the United States and Canada. This Group distributes industrial
bearings and power transmission equipment replacement parts, including hydraulic
and pneumatic products, material handling components, agricultural and irrigation
equipment and related supplies. The Group is continuing to enhance their internet-based
procurement solutions with MotionMRO.com.
OFFICE PRODUCTS GROUP.
The Office Products Group, operated through S. P. Richards Company ('S. P.
Richards'), a wholly-owned subsidiary of the Company, is headquartered in Atlanta,
Georgia. S. P. Richards is engaged in the wholesale distribution of a broad
line of office and other business related products that are used in the daily
operation of businesses, schools, offices and institutions. Office products
fall into the general categories of computer supplies, imaging supplies, office
furniture, office machines, general office supplies, school supplies, janitorial
supplies, breakroom supplies and healthcare supplies.
Competition The distribution business, which includes all segments of the Company's
business, is highly competitive with the principal methods of competition being
product quality, sufficiency of inventory, price and the ability to give the
customer prompt and dependable service. The Company anticipates no decline in
competition in any of its business segments in the foreseeable future.