Genuine Parts Company Completes Acquisition Of Kaman Distribution Group, Creating A Premier Leader In Industrial Solutions
Acquiring Company
Genuine Parts Company
Acquired Company
Kaman Distribution Group
AtlantaManufacturingSoftwareScience And EngineeringSustainabilitySoftwareDescription
Genuine Parts Company (NYSE: GPC) ("GPC"), a leading distributor of automotive and industrial replacement parts, announced today that its wholly-owned subsidiary, Motion Industries, Inc. ("Motion") has completed the purchase of Kaman Distribution Group ("KDG") for a purchase price of approximately $1.3 billion in cash, effective January 3, 2022.
Quick answer
Genuine Parts Company is acquiring Kaman Distribution Group, announced January 4, 2022. Genuine Parts Company is based in Atlanta, Georgia, United States.
- How much did Genuine Parts Company pay for Kaman Distribution Group?
- The deal value was not disclosed.
- What does Genuine Parts Company do?
- Founded in 1928, Genuine Parts Company is a global service organization engaged in the distribution of automotive and industrial replacement parts.
- Where are Genuine Parts Company and Kaman Distribution Group based?
- Genuine Parts Company is based in Atlanta, Georgia, United States.
- Who are the decision-makers at Genuine Parts Company?
- Fundz holds 2 contacts at Genuine Parts Company. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Kaman Distribution Group?
Kaman Distribution Group was acquired by Genuine Parts Company, based in Atlanta. The deal was reported on January 4, 2022. Founded in 1928, Genuine Parts Company is a global service organization engaged in the distribution of automotive and industrial replacement parts. Genuine Parts Company is publicly traded (GPC) and operates in Manufacturing.
When did Genuine Parts Company acquire Kaman Distribution Group?
Genuine Parts Company's acquisition of Kaman Distribution Group was reported on January 4, 2022. Genuine Parts Company (NYSE: GPC) ("GPC"), a leading distributor of automotive and industrial replacement parts, announced today that its wholly-owned subsidiary, Motion Industries, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Kaman Distribution Group do?
Headquartered in Bloomfield, Connecticut, KDG is a leading national distributor of highly engineered products and provider of related services with approximately 220 locations across the United States and Puerto Rico. It is privately held, operating in Sustainability.
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