Genuine Parts Company completed the acquisition of Kaman Distribution Group from Littlejohn for $1.3bn.

Genuine Parts Company, a distributor of automotive and industrial replacement parts, completed the acquisition of Kaman Distribution Group, a national distributor of highly engineered products and provider of related services, from Littlejohn, a private investment firm, for $1.3bn. "We are delighted to announce the completion of this strategic acquisition, creating significant opportunities for our customers, suppliers, teammates and shareholders. We welcome the KDG team to the GPC family and look forward to their contributions to the ongoing success of our business. The future of our Motion team, led by Randy Breaux, is very bright as we bring together the world-class talent and industrial expertise of these two organizations, creating a premier leader in industrial solutions," Paul Donahue, GPC Chairman and CEO.