Advance Auto Parts Announces Closing of Acquisition of BWP Distributors

Mon Dec 31, 2012 4:15pm EST

* Reuters is not responsible for the content in this press release.

ROANOKE, Va.--(Business Wire)--
Advance Auto Parts, Inc. (NYSE: AAP), a leading retailer of automotive
aftermarket parts, accessories, batteries, and maintenance items, announced
today that it has completed the acquisition of B.W.P. Distributors, Inc. (BWP)
in an all-cash transaction. 

BWP, a privately held company that supplies, markets and distributes automotive
aftermarket parts and products principally to commercial customers, was founded
in 1962 and is based in Armonk, New York. BWP operates or supplies 216 locations
in Connecticut, Delaware, Maryland, Massachusetts, New Hampshire, New Jersey,
New York, Pennsylvania, Rhode Island, and Vermont. This acquisition will enable
Advance Auto Parts to continue its expansion in the Northeast, which continues
to be a strategic growth area for Advance. 

As a result of the closing of this transaction, Advance will operate 124 BWP
company-owned stores and will transfer the rights to distribute to 92
independently owned locations to an affiliate of General Parts International,
Inc. (GPI), a privately held auto supply company. Additionally, Advance will
continue to operate two of BWP`s distribution centers in Sutton, Massachusetts
and Delran, New Jersey. 

About Advance Auto Parts

Headquartered in Roanoke, Va., Advance Auto Parts, Inc., a leading automotive
aftermarket retailer of parts, accessories, batteries, and maintenance items in
the United States, serves both the do-it-yourself and professional installer
markets. As of October 6, 2012, the Company operated 3,727 stores in 39 states,
Puerto Rico, and the Virgin Islands. Additional information about the Company,
employment opportunities, customer services, and online shopping for parts,
accessories and other offerings can be found on the Company's website at 

Certain statements contained in this release are forward-looking statements, as
that statement is used in the Private Securities Litigation Reform Act of 1995.
Forward-looking statements address future events or developments, and typically
use words such as believe, anticipate, expect, intend, plan, forecast, outlook
or estimate. These statements discuss, among other things, expected growth and
future performance, including store growth, capital expenditures, comparable
store sales, SG&A, operating income, gross profit rate, free cash flow,
profitability and earnings per diluted share for fiscal year 2012. These
forward-looking statements are subject to risks, uncertainties and assumptions
including, but not limited to, competitive pressures, demand for the Company's
products, the market for auto parts, the economy in general, inflation, consumer
debt levels, the weather, business interruptions, information technology
security, availability of suitable real estate, dependence on foreign suppliers
and other factors disclosed in the Company's 10-K for the fiscal year ended
December 31, 2011 on file with the Securities and Exchange Commission. Actual
results may differ materially from anticipated results described in these
forward-looking statements. The Company intends these forward-looking statements
to speak only as of the time of this news release and does not undertake to
update or revise them as more information becomes available.

Advance Auto Parts, Inc.
Shelly Whitaker, APR, 540-561-8452
Joshua Moore, 952-715-5076

Copyright Business Wire 2012
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