Genuine Parts to Split Automotive and Industrial Businesses

Genuine Parts Co. will split into two publicly traded companies following a review of options for its automotive and industrial business lines.

The tax-free transaction, which does not require shareholder approval, is expected to be completed in the first quarter of 2027, the company said Tuesday in a statement. Genuine Parts plans to hold investor days in the second half of this year to discuss strategic goals for each business, and details such as company names and executive teams will be announced at a later date.