Atlanta-based Genuine Parts Co. announced that its European auto parts subsidiary, Alliance Automotive Group, has purchased two of its suppliers in a move that should generate more than $100 million in annual revenue for GPC’s European operations.
AAG bought Manchester, England-based battery distributor Platinum International Group Ltd. and Carlisle-based TMS Motor Spares Ltd., a parts distributor with locations in England and Scotland.
The companies will contribute $70 million and $35 million to London-based AAG, respectively, bolstering its position as it leads GPC’s investment charge in Europe.
In June, AAG announced that it had acquired Germany-based Hennig Fahrzeugteile Group.
