# Essendant to merge with Genuine Parts' S.P. Richards business

Essendant Inc. will merge with Genuine Parts Company's S.P. Richards business in a deal valuing S.P. Richards at $680 million and Essendant at $347 million. Genuine Parts shareholders will own 51% of the combined company, which will be named Essendant.

- Type: Acquisition
- Announced: 2018-04-13
- Where: United States
- Value: $680.0M
- Status: announced
- Products: business products

## Companies

- [Genuine Parts Co.](https://endata.com/companies/2296.md) (target)
- [Essendant Inc.](https://endata.com/companies/31332.md) (acquirer)
- [S.P. Richards](https://endata.com/companies/31333.md) (target)

## Sources

- [stockstreetnews.com](https://stockstreetnews.com/industrials/industrial-products/essendant-inc-to-merge-with-genuine-parts-co-shares-jump/), 2018-04-13: "This transaction is the result of a comprehensive process to maximize the value of S.P. Richards and represents a key step in the execution of Genuine Parts Company’s long-term strategy."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.