Press Release - EIS, Inc., Has Acquired the Assets of Tekra Corporation
November 1, 2013- EIS, Inc., a wholly-owned subsidiary of Genuine Parts Company (NYSE: GPC), has acquired the assets of Tekra Corporation based in New Berlin, WI. Tekra is a leading independent coater, converter, and distributor of specialty plastic films and adhesives. This transaction will substantially expand the capabilities and the converting technologies of the EIS Fabrication Division which currently operates from six facilities in North America.
Bob Thomas, President and CEO of EIS, said “We are pleased to welcome Tekra Corporation to the EIS family. EIS continues to add a wide variety of fabrication capabilities to our business in order to sell to markets where customers value highly engineered flexible materials that are used in their products. The engineering and manufacturing skills historically demonstrated by Tekra are consistent with our growth strategy and fits well with our growing fabrication business.”
Andrew Tully, President of Tekra Corporation, added that Tekra’s emphasis on “best in class” materials and flexible film coating technology is a great compliment to EIS’s current business in North America and our associates are very excited to be a part of EIS and Genuine Parts Company.
About Genuine Parts Company (NYSE:GPC)
GPC is a Fortune 500 Company founded in 1928 and based in Atlanta, Georgia. The Company had 2012 revenues of approximately $13.0 billion and operates in four principal segments: automotive replacement parts through its NAPA and other subsidiaries; industrial replacement parts through its Motion Industries subsidiary; business and office products through S. P. Richards Company; and electrical and electronic process materials and supplies through EIS.
For more information on Genuine Parts Company, please visit www.genpt.com.
About EIS, Inc.
EIS is a wholly owned subsidiary of GPC and one of North America’s leading distributors of process materials, production supplies, specialty wire and cable, and value added fabricated parts supplying the electrical OEM, apparatus repair and various assembly markets with over 100,000 critical products from 39 branches and 6 fabrication facilities located in North America.
For more information on EIS, please visit www.eis-inc.com.
About Tekra Corporation
Tekra Corporation is a leading convertor and coater of specialty films. They provide value added coating and converting services to customers in the medical and graphic arts markets across North America.
For more information on Tekra Corporation, please visit www.tekra.com.
Click on the attachments below for a pdf version of the EIS, Inc. press release on acquisition of Tekra Corporation.TOOL BOX