Advance Auto announces major acquisition - FOX 21/27 WFXR Roanoke/WWCW Lynchburg News, Weather

Advance Auto announces major acquisition

Posted: Updated:
ROANOKE, VA -

Advance Auto Parts announced today it has acquired General Parts International, Inc., a leading privately held distributor and supplier of original equipment and aftermarket replacement products for commercial markets operating under the CARQUEST and WORLDPAC brands, according to a news release.

Advance Auto Parts Inc. is a provider of automotive aftermarket parts, accessories, batteries, and maintenance items.

The company states the all-cash transaction is valued at $2.04 billion. The transaction has been approved by the boards of directors of both companies.

Advance Auto Parts President George Sherman will answer questions about the acquisition this morning at 11 a.m..

  • Most Popular StoriesMost Popular StoriesMore>>

  • Fugitive sex offender captured in Roanoke

    Fugitive sex offender captured in Roanoke

    Fugitive sex offender captured in Roanoke

    Wednesday, July 30 2014 12:41 AM EDT2014-07-30 04:41:44 GMT
    ROANOKE (WSLS) - A man wanted for sex crimes against a minor was captured in Roanoke during a traffic stop.
    ROANOKE (WSLS) - A man wanted for sex crimes against a minor was captured in Roanoke during a traffic stop.
  • Prostitution sting nets 31 arrests

    Prostitution sting nets 31 arrests

    Tuesday, April 20 2010 11:21 PM EDT2010-04-21 03:21:00 GMT
    31 people are in trouble with the law after a three day prostitution sting in Richmond. Police told NBC12 they targeted specific areas where residents and business owners complained about the illegal activity.
  • Franklin County accident causes lane closures on Brooks Mill Road

    Franklin County accident causes lane closures on Brooks Mill Road

    Franklin County accident causes lane closures on Brooks Mill Road

    Wednesday, July 30 2014 5:16 AM EDT2014-07-30 09:16:44 GMT
    FRANKLIN COUNTY (WSLS) - State Police are on the scene of an accident on Brooks Mill Road (Rt. 834) near the Ponderosa campground.
    FRANKLIN COUNTY (WSLS) - State Police are on the scene of an accident on Brooks Mill Road (Rt. 834) near the Ponderosa campground.