|

News
Release
For Immediate
Release DATE: December
11, 2001
S.P. Richards Company,
a wholly owned subsidiary of the Genuine Parts Company (GPC:NYSE)
and leading wholesale distributor of business and office supplies,
announced today….
The S.P. Richards Advantage
Dealer Advisory Board met recently with SPR Executive team in
Atlanta. The Board, a representative council of dealers from all
geographical areas, sizes and operating models, convenes several
times a year with S.P. Richard's senior management to discuss
topics affecting the independent dealer community.
Discussions ranged from changes in
the business climate since September 11th, to margin and market
share issues, training and best practices.
"I was able to express my concerns
to S.P. Richards' management and it was reassuring to see S.P.
adapting to the quick changes in the industry of today,"
said John Curtin, President of Act Office City in Huntersville,
NC.
"This meeting was extremely positive
and constructive reflecting the underlying strength and capabilities
of independent dealers," said Jim O'Brien, S.P. Richards
Vice President of Dealer Development. "The candor and genuine
concern for peer dealerships continues to go a long way in assisting
S.P. Richards Co. with its priorities for the future."
S.P. Richards
Company, a wholly owned subsidiary of the Genuine Parts Company
(GPC: NYSE), distributes a wide spectrum of business products
to office products resellers throughout the U.S. and Canada. These
products include consumable office supplies, office furniture,
computer supplies, consumer electronics, and facilities supplies
from all of the major industry manufacturers. S.P. Richards Company
markets several private label lines under the brand names of Sparco,
Nature Saver, Compucessory, and Elite Image. The company operates
44 Distribution centers in the United States and Canada, including
Horizon USA, its computer supplies subsidiary and Norwestra, a
Canadian based Business Products Wholesaler.
Genuine Parts Company is a diversified
distribution and services company that operates four wholly owned subsidiaries.
The Company is a leading distributor of automotive replacement parts
in the U.S., Canada and Mexico; industrial replacement parts in the
U.S., Canada and Mexico through its Motion Industries subsidiary; office
products nationwide in the U.S. and Canada through its S.P. Richards
Company subsidiary; and electrical and electronic components throughout
the U.S. and Mexico through its EIS, Inc. subsidiary. Genuine Parts
Company had 2000 revenues of $8.4 billion
|