Genuine Parts to spin off automotive business by 2027

Genuine Parts Company (GPC) has announced plans to separate its automotive and industrial businesses into two independent, publicly traded companies. The tax-free transaction is targeted for completion in the first quarter of 2027 and does not require shareholder approval.

The automotive division, operating under the NAPA brand, generated more than US$15bn in sales and US$1.2bn EBITDA in 2025. The business operates a network of more than 10,000 locations globally across North America, Europe, the UK, and Australasia, including over 20,000 NAPA Auto Care repair centres in North America. The industrial division, operating under the Motion brand, generated approximately US$9bn in sales and more than US$1.1bn EBITDA in 2025.

In a statement, Will Stengel, Chair-Elect and Chief Executive of GPC, said: “Creating two focused, independent companies sharpens customer and market alignment, increases clarity and speed, simplifies operations and enables disciplined, business-specific investments to unlock long-term value.”

GPC said the automotive business will continue executing technology and supply chain programmes expected to deliver growth and margin expansion. The company plans to host investor days in the second half of 2026 to discuss operational initiatives for both businesses.

Source: Genuine Parts Company (GPC)