Genuine Parts (GPC) Expects Split to Close in 9-12 Months

Group 1 - Genuine Parts Co. (NYSE:GPC) is expected to complete the split of its automotive and motion businesses into two independent entities within 9 to 12 months, with manageable costs possibly below initial estimates of $400 million to $500 million [1][2] - The decision to split the company was the result of a three-year strategic analysis, which included financial analytics and assessments of investor and capital needs [2] - The company anticipates sequential improvement in EBITDA, focusing on executing strategic initiatives rather than relying on market conditions, with the middle quarters expected to show the highest conversion rates [3] Group 2 - Genuine Parts Co. distributes automotive and industrial replacement parts, with its Automotive Parts Group operating across North America, Europe, and Australasia, while the Industrial Parts Group serves customers in North America and Australasia [3]