ATLANTA (July 2, 2014) — Genuine Parts Co.’s office products group, S. P. Richards Co., has completed the acquisition of Impact Products L.L.C.
The company had announced on June 17 the pending agreement to acquire Impact.
Toledo, Ohio-based Impact is a provider of facility, janitorial and safety supplies serving North America from distribution centers in Toledo and Walnut, Calif. Genuine said it expects the acquisition to generate about $85 million in annual revenues.
Genuine, parent company of NAPA Auto Parts, also said it plans to release its second quarter earnings on July 21, with management conducting a conference call at 11 a.m. Eastern time. To access the call, visit the company’s website and click on “Investor Services,” or call 877-331-5106. The conference ID is 66908522.
A replay of the call will be available on the website or toll-free at 855-859-2056, ID 66908522, two hours after the completion of the conference call until 12 a.m. Eastern time on Aug. 4.
How will the Obama administration’s proposed expansion of overtime pay affect your business?
|Not much if at all.||
|It will force me to demote my assistant managers and recalculate pay and benefits scales.||
|It will put me out of business.||
|It’s way too soon to tell.||
|Total votes: 100|