Kirkland Reps Advance Auto Parts In $2B Rival Buy

Law360, New York (October 16, 2013, 2:59 PM EDT) -- Virginia automotive company Advance Auto Parts Inc. has agreed to acquire rival General Parts International Inc. in an all-cash deal valued at $2.04 billion that will create the largest automotive aftermarket parts provider in North America, Advance said Wednesday.

Based in Raleigh, N.C., General Parts is a privately held distributor and supplier of original and aftermarket auto parts operating under the popular Carquest and Worldpac brands. Adding General Parts will make Advance the market leader in North America, with combined annual sales of more than $9.2...
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