Date: 2013-08-01

Genuine Parts to Acquire Canada's BC Bearing

Genuine Parts Co., which makes automotive replacement parts, said Monday it is acquiring a Canadian manufacturer of bearings and power transmission components.

BC Bearing, based in Vancouver, operates 53 branches in Western Canada and the Northwestern U.S., where Genuine parts said it sees "significant growth opportunities."

Genuine Parts did not disclose the purchase price, but said it expects the acquisition to generate 185 million Canadian dollars ($173.4 million) in annual revenue.

The acquisition is expected to close March 1, Genuine Parts said.

Shares of Genuine Parts rose 24 cents to $38.22 in midday trading.

Previous: EnPro to sell Quincy Compressor for $190M in cash
Next: SKF Awarded Condition Based Maintenance Contract by Total

Hot Products:

Product Model	Inside Diameter	Outside Diameter	Thickness
HAR024CDT KOYO	120	180	56
HAR924CDT KOYO	120	165	44

【TradeBearings News Statement】

1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"TradeBearings".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.