Industrial distributor Genuine Parts (NYSE: GPC) is exploring a split between its auto parts and industrial parts businesses, Bloomberg reported.
The company is evaluating options for the auto segment, including a possible spin‑off. Discussions remain at an early stage, and Genuine Parts may decide to keep its current structure. Earlier this month, Genuine Parts reached a settlement with its largest active shareholder, Elliott Investment Management, under which two new independent directors will join its board. In July, the company reduced its annual profit outlook, citing rising operational expenses driven by inflation and uncertainty related to tariff policy.
Genuine Parts is a U.S.-based distributor of automotive and industrial replacement parts and is headquartered in Atlanta. Genuine Parts is best known for owning NAPA Auto Parts in North America and operates its industrial business through Motion Industries, which supplies bearings, mechanical power transmission products, electrical and automation parts and fluid power systems.