Advance Auto Parts sells Worldpac to Carlyle for $1.5 billion
The sale aligns with Advance's strategy to focus on its core business and strengthen its balance sheet
Advance Auto Parts Inc., an automotive aftermarket parts provider in North America, has announced the sale of its wholesale distribution business, Worldpac Inc., to Carlyle-managed funds for $1.5 billion in cash, according to a press release dated Aug. 22.
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