Genuine Parts Company Announces Acquisition, Cobra Wire & Cable Inc.

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, / PRNewswire / – Genuine Parts Company (NYSE: GPC – News announced today that its Power Group, EIS, Inc. ("EIS" has acquired the shares in Cobra Cable, Inc. ("Cobra" Merit Capital Partners and Fulton capital from today.

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Cobra-based, is a specialty wire and cable broadcasting service telecommunication, battery and uninterruptible power supply (UPS and marine markets. Its customers are served from three distribution centers, one in ((y (. The company expects the acquisition of the business to generate annual revenues of approx.

, Chairman, President and CEO of Genuine Parts Company, stated: "The president and CEO of the EIS, and his team continue to grow their business specialty wire and cable blank adjacent markets. We are very happy with their Progress in this area and welcome the team of Cobra and the original family EIS Parts Company. "

EIS is one of the leading distributors' s process materials, production inputs and value-added fabricated parts. In addition to wire and cable, EIS main markets are the OEM electrical, appliance repair and diverse markets in the Assembly. EIS provides over 100,000 products of 38 critical offices and three manufacturing plants located in.

Certain statements in this report and other materials filed with the Securities and Exchange Commission (SEC or otherwise release public materials that we offer on our website, constitute forward-looking statements are subject to safe safe harbor provisions of the Reform Act Private Securities Litigation 1995. Senior officials may also make verbal statements to analysts, investors, media and others who are prospective in nature. Forward-looking statements may relate, for example, future operations, prospects, strategies, financial condition, economic performance (including growth and earnings, industry conditions and demand for our products and services. The company cautions that forward-looking statements involve risks and uncertainties, and while we believe that our expectations for the future are reasonable in light of available information, you are cautioned not to place undue reliance on our forward-looking statements. results or events may differ materially from indicated as a result of various important factors. Such factors include, among other things, reduced demand for the company's products, changes in general economic conditions, including unemployment, inflation or deflation, high energy costs, uncertainty and credit markets other macro-economic conditions, the ability to maintain favorable supplier arrangements and relationships, disruptions in the operations of our suppliers, competitive pressures in products, services and prices, the company's ability to successfully implement its business initiatives in each of its four business segments, the uncertainties and costs of litigation and other risks and uncertainties discussed in the Company's Annual Report on Form 10-K for the year 2010 and then in the Company's subsequent filings with the SEC.

Forward-looking statements are only as of the date they are made, and the Company assumes no obligation to update any forward-looking statements except as required by law. It is advisable, however, to review any further disclosures we make on related subjects in our subsequent forms 10-K, 10-Q and 8-K and other SEC filings.

Genuine Parts Company is a distributor of auto spare parts in the U.S., y. The Company also distributes industrial replacement parts in the U.S. and through its subsidiary Industries motion. SP Richards Company, the Office Products Group, distributes business products nationwide in the U.S. y. The Group Electrical / Electronic, EIS, Inc., distributes electrical and electronic components throughout the U.S., y. Genuine Parts Company had revenues in 2010.

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