First Trade Date for Genuine Parts Company
| Company Name | First Trade Date (yyyy-mm-dd) |
| Genuine Parts Company | 1968-08-20 |
| Company Name | Symbol |
| Genuine Parts Company | GPC |
| History and Business of Company (this information may include date of incorporation) | |
|
Genuine Parts Company, a Georgia corporation incorporated on May 7, 1928, is a service organization engaged in the distribution of automotive replacement parts, industrial replacement parts, office products and electrical/electronic materials. In 2003, business was conducted throughout the United States, in Canada and in Mexico from approximately 1,800 locations. As used in this report, the "Company" refers to Genuine Parts Company and its subsidiaries, except as otherwise indicated by the context; and the terms "automotive parts" and "industrial parts" refer to replacement parts in each respective category. Segment Data. For information regarding segment data, refer to the Company's Audited Financial Statements as set forth on Pages 12 and 33 of the Annual Report to Shareholders for 2003 attached hereto as Exhibit 13. Competition - General. The distribution business, which includes all segments of the Company's business, is highly competitive with the principal methods of competition being product quality, sufficiency of inventory, price and the ability to give the customer prompt and dependable service. The Company anticipates no decline in competition in any of its business segments in the foreseeable future. Employees. As of December 31, 2003, the Company employed approximately 30,800 persons. | |
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