Genuine Parts in deal for Minnesota company


Genuine Parts, the Atlanta-based company that sells auto parts under the NAPA brand, said one of its units is buying a Minnesota company that distributes products for industrial automation and control.

The acquisition of Braas Company by Motion Industries, Genuine Parts’ industrial parts group, will generate revenue of about $90 million annually, according to a press release Wednesday.

Braas “serves thousands of customers throughout the Midwest and Southeastern United States from a network of five sales offices and three warehouses,” the release said.

An acquisition price wasn’t given.

Genuine Parts had sales of $15.28 billion in 2015 and reported a profit of $705.7 million. In addition to its auto and industrial parts businesses, it also has an office products unit and an electrical materials group.

CEO Paul Donahue said Braas is a well-established distributor in a segment with “compelling” growth prospects, adding that “the addition of such a well-positioned business serves to substantially enhance our automation capabilities.”


Reader Comments ...


Next Up in Business

Subscribe or buy – what’s the best model for software?
Subscribe or buy – what’s the best model for software?

Here’s a deal: You buy a new car, and during the year you get a new one free. With that business model, car companies would soon go broke. It’s a different matter with computer software. As providers are transitioning to yearly subscriptions, they’re offering free upgrades during the year. Well, they’re not exactly free &mdash...
Portable hot seat, a fan favorite
Portable hot seat, a fan favorite

Surviving the cold at football games and other events will be a lot more comfortable and luxurious with the new Hot Seat from Pro Design. The Kickstart campaign just started for what Pro Design calls the world’s first heated stadium chair. With USB-powered ThermaGridz technology, your bottom will stay cozy warm with the heat, which will penetrate...
Insomniac Games’ ‘Spider-Man’ swings into fun
Insomniac Games’ ‘Spider-Man’ swings into fun

The Peter Parker that Insomniac Games and Marvel Entertainment have crafted in the new “Spider-Man” game is nothing like the one we’ve seen in previous games, or in the many movies. In this Sony-published PlayStation 4 exclusive, Insomniac has crafted the best interactive Spidey adventure ever. And that’s saying a lot, given...
Mental health tech start-up NeuroFlow raises $1.2 M
Mental health tech start-up NeuroFlow raises $1.2 M

NeuroFlow, the Philadelphia start-up trying to foster more engagement between therapists and their patients through technology, has raised another $1.2 million with expectations that total subscription will soon reach $1.5 million, the company announced recently. The money is from a group of investors led by Jumpstart NJ Angel Network that also includes...
CNET: Great phones with dual cameras
CNET: Great phones with dual cameras

Phones with two cameras on the back have been around for years (think 2011’s HTC Evo 3D). Thanks to a few heavy-hitting flagships that rolled out over the last year or two, the dual-camera setup may be here to stay. Check out four of CNET’s picks for the best dual-camera phones out there. ——— Samsung Galaxy Note 9 Product...
More Stories