Repco, the North American-owned automotive parts giant, is winning market share in Australia from its largest rival, ASX-listed Bapcor, which two weeks ago rejected a $1.8 billion bid from private equity group Bain Capital.
Repco is owned by New York-listed Genuine Parts Company which reported on Tuesday night that its Australasian automotive parts operations had generated same-store sales growth of 2.3 per cent for the June quarter, even as the overall market had been softening.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
