Business
Genuine Parts Company Announces Plan to Separate Automotive and Industrial Businesses Into Two Industry-Leading Public Companies
Genuine Parts Company (NYSE: GPC), a leading global service provider of automotive and industrial replacement parts and value-added solutions, announced today its intention to separate the company into two independent, publicly traded companies, one comprising its Automotive Parts Group ("Global Automotive") and the other comprising its Industrial Parts Group ("Global Industrial"). The transaction, which is targeted for completion in the first quarter of 2027, is expected to qualify as a tax-fre
About this update from Genuine Parts Company
[{"type":"text","content":"Separation to Unlock Significant Shareholder Value and Enhance Strategic Clarity, Operational Focus and Financial Performance for Both Companies","length":144,"tagName":"p","attribs":{}},{"type":"text","content":"Tax-Free Separation Expected to be Completed in the First Quarter of 2027","length":78,"tagName":"p","attribs":{}},{"type":"text","content":"Company to Announce Further Details Regarding Ongoing Operational and Strategic Initiatives at Investor Days for Global Automotive and Global Industrial in the Second Half of 2026","length":179,"tagName":"p","attribs":{}},{"type":"text","content":"Company to Host Conference Call Today at 8:30 a.m. ET to Discuss Fourth Quarter and Full-Year 2025 Earnings Results and the Separation Announcement","length":147,"tagName":"p","attribs":{}},{"type":"text","content":"ATLANTA, Feb. 17, 2026 /PRNewswire/ -- Genuine Parts Company (NYSE: GPC), a leading global service provider of automotive and industrial replacement parts and value-added solutions, announced today its intention to separate the company into two independent, publicly traded companies, one comprising its Automotive Parts Group ("Global Automotive") and the other comprising its Industrial Parts Group ("Global Industrial"). The transaction, which is targeted for completion in the first quarter of 2027, is expected to qualify as a tax-free transaction for U.S. federal tax purposes to Genuine Parts Company shareholders.","length":641,"tagName":"p"},{"type":"image","alt":"GPC Logo. (PRNewsFoto/Genuine Parts Company)","displaySize":"","headline":null,"caption":"GPC Logo. (PRNewsFoto/Genuine Parts Company)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":328,"url":"https://media.zenfs.com/en/prnewswire.com/8d360e8647ba8d965911e7604051d84e"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/1yOPjzVHuvizwRWAqwBIlQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTU3ODtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/8d360e8647ba8d965911e7604051d84e","width":400,"height":328}},"href":"https://mma.prnewswire.com/media/76327/genuine_parts_company_logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":""Genuine Parts Company has a proud history of evolving with our markets for nearly a century," said Will Stengel, Chair-Elect and Chief Executive Officer. "O...