Genuine Parts to split divisions; posts quarterly loss

Genuine Parts Company plans a tax-free separation of its automotive and industrial operations into two publicly listed companies by early 2027. The US-based automotive parts distributor said the proposed transaction would establish two standalone businesses: Global Automotive and Global Industrial. Global Automotive will focus on aftermarket automotive parts and repair networks, operating under brands such as NAPA and Repco. Global Industrial will comprise the industrial distribution and services arm, ...