Genuine Parts Company completed the acquisition of MPEC.

Genuine Parts Company, a global distributor of automotive and industrial replacement parts, completed the acquisition of Motor Parts & Equipment Corporation (MPEC), a corporate holding company distributing auto parts and accessories. Financial terms were not disclosed. "We are pleased to announce the completion of this strategic acquisition, which aligns with our initiative to own more NAPA stores in priority markets," "We appreciate our long-standing partnership with MPEC's Executive Chairman, Joseph Hansberry, and welcome our new MPEC teammates to GPC and NAPA. We are excited to work together to deliver solutions and value to our customers," Will Stengel, Genuine Parts Company President & CEO.