February 23, 2018 12:11 PM ET

Specialty Retail

Company Overview of National Automotive Parts Association, Inc.

Company Overview

National Automotive Parts Association, Inc., also known as NAPA Auto Parts, distributes auto parts and accessories, and tools, equipment, and supplies. It offers air conditioning systems, belts and hoses, brake systems, drivetrain products, electrical systems, engine kits, engine parts and gaskets, exhaust systems, fuel and emission systems, heating and cooling products, ignition parts and filters, kit programs, repair manuals and promotional items, and steering and suspension products; relays, sensors, and switches; and vision, safety, and miscellaneous interior/exterior parts. The company also provides cable and chain products, fasteners and hardware products, fittings and hose products, p...

2999 Circle 75 Parkway

Atlanta, GA 30339

United States

Founded in 1925

Phone:

770-956-2200

Fax:

770-956-2212

Key Executives for National Automotive Parts Association, Inc.

President
Age: 65
Chief Operating Officer
Vice President of Accounting and Vice President of Information Systems
Senior Vice President of Business Systems
Senior Vice President of Product and Merchandising
Compensation as of Fiscal Year 2017.

National Automotive Parts Association, Inc. Key Developments

National Automotive Parts Association Hit with $81.5 Million Jury Verdict in Auto Parts Lawsuit

National Automotive Parts Association has been hit with a jury award of $81.5 million in damages in a lawsuit over auto parts distributed by the company. The company believes the verdict is not supported by the facts or the law and is contrary to the company's role in the automotive parts industry. The company intends to challenge the verdict through post-trial motions and, if necessary, on appeal to a higher court. Based upon the company's legal defenses, insurance coverage and reserves, the company does not believe this matter will have a material impact to the financial statements; however, this assessment may change as additional facts are known and the judicial process progresses. The company has reported it is facing approximately 2,420 product liability lawsuits resulting from its national distribution of automotive parts and supplies. Many of these involve claims of personal injury allegedly resulting from the use of automotive parts distributed by the company.

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Recent Private Companies Transactions

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