Genuine Parts Co. (NYSE: GPC), a distributor of replacement car parts, is set to buy Covs Parts Pty Ltd. Terms of the deal remain undisclosed, but APG is expected to generate annual revenues of roughly $90 million each year.

Genuine Parts is known for distributing automotive replacement parts and accessory items throughout North America, Australia and New Zealand. In North America, parts are sold primarily under the National Automotive Parts Association (NAPA) brand name.

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