* Says dealerships to add $190 mln in annual sales
* Says deal to strengthen brand portfolio (Follows alerts)
June 14 (Reuters) - Automotive retailer Group 1 Automotive Inc said it acquired Ford Motor Co's and General Motors Co's dealerships in El Paso, Texas to strengthen its brand portfolio of new and used cars.
The Shamaley Ford and Shamaley Buick-GMC dealerships in El Paso are expected to generate $190 million in annual revenues, the Houston-based company said in a statement.
"The acquisition of Shamaley Ford and Shamaley Buick-GMC will complement the BMW of El Paso and MINI of El Paso dealerships that Group 1 acquired in April," Chief Executive Earl Hesterberg said.
Group 1 operates 105 dealerships in the U.S. and U.K. that offer 30 brands of automobiles.
Shares of the company closed at $35.68 on Monday on the New York Stock Exchange. (Reporting by Soham Chatterjee in Bangalore; Editing by Savio D'Souza)
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