Advance Auto Parts Inc to Acquire General Parts International for USD 2.04 billion

Advance Auto Parts Inc announced that it had agreed to acquire General Parts International for USD 2.04 billion. After the acquisition the company will become the largest after-market auto parts supplier. General Parts International is a privetly owned distributor and supplier for original equipment and after-market product replacement, and it owns brands including Carquest and Worldpac.

Advance Auto Parts Inc states that its revenue will break USD 9.2 billion after the acquisition, surpassing the market-leading AutoZone Inc, whose adjusted revenue (up until August) was USD 9 billion.