The buyout complements Novexco's distribution channel. Notably, S.P. Richards' warehouses in Western Canada will serve Novexco's customers in the West and Novexco's warehouses in Eastern Canada will reduce delivery time to S.P. Richards' Canada customers in the East. Notably, in 2018, Genuine Parts had entered into an agreement to spin off S.P. Richards, as part of a merger with Essendant Inc. However, the deal did not work out as Essendant received a better offer from Staples Inc. and Genuine Parts chose not to make a superior counter offer. Genuine Parts, one of the leading U.S. automotive replacement parts distributors, constantly focuses on optimizing its portfolio through strategic deals. Genuine Parts' acquisition of PartsPoint and Alliance Automotive Group is bolstering the company's growth.