We are delighted to inform you of an important change to the ownership of Inenco Group.
In March 2017 our founding shareholders, the Martin-Weber family, found themselves in the position of considering how to realise the opportunities of a globalised marketplace. They formed a strategic partnership with Genuine Parts Company (GPC) through the sale of a 35% shareholding.
This strategic partnership has now evolved to a complete acquisition by GPC, who will become the sole shareholder of Inenco Group, effective July 1, 2019.
This is an exciting ownership change that will benefit all the businesses within Inenco Group, our customers and our employees.
We thank the Martin-Weber Family for their insightfulness in positioning Inenco for success now and into the future through championing this partnership with GPC. For over sixty years the Martin-Weber family provided ongoing management, investment and guidance to Inenco. They built a market leading group of companies with great brands, loyal and engaged employees, and highly valued customers and suppliers. Our success will continue with the solid foundations they have laid.
Inenco and GPC have a shared long-term vision for the Group’s businesses and have a commitment to ensure a strong and stable business focused on growth. With our values aligned we will continue to invest in people, remain customer centric and build strong relationships with all our stakeholders.
GPC is a respected and successful global organisation and we are proud to be part of the GPC family.