Genuine Parts Company recently announced that Alliance Automotive Group (AAG), the company's wholly-owned automotive distribution company based in London, U.K., has completed the acquisitions of two automotive businesses, U.K. based Platinum International Group Limited and TMS Motor Spares Ltd.
Platinum International Group Limited (Platinum), headquartered in Manchester, England, is a value-added battery distributor in the automotive, industrial, marine and leisure markets, with nine U.K. locations and one location in the Netherlands. Platinum currently sells to AAG and other trading group customers across the independent aftermarket, original equipment dealer and other market segments and significantly expands AAG's battery sourcing platform as well as other distribution, including lubricants. The Platinum acquisition was effective Oct. 2, and is expected to generate estimated annual revenues of $75 million (US$).
TMS Motor Spares Ltd. (TMS), headquartered in Carlisle, England, is an automotive parts distributor with 17 locations in Scotland and seven in England. TMS further expands AAG's U.K. footprint, while also providing the first company-owned stores in Scotland. The TMS acquisition was effective Aug. 31, and the company expects the acquired business to generate annual revenues of approximately $30 million (US$).
Paul Donahue, Chief Executive Officer of Genuine Parts Company, stated, "We are pleased to have added Platinum and TMS to our European operations. Both of these companies are high-quality businesses with talented teams and serve to strengthen our presence and scale in Europe as we build on our global growth strategy. We look forward to many future contributions from these new businesses in the years ahead."
Jean-Jacques Lafont, Chief Executive Officer of Alliance Automotive Group, added, "We welcome the Platinum and TMS teams to the AAG organization. We look forward to working together to grow our European business and maximize the value of our combined operations."