Motion Industries to acquire Apache Inc., Cedar Rapids industrial belt and hose supplier

Motion Industries, a subsidiary of Genuine Parts Co., reached a definitive agreement to acquire Cedar Rapids-based Apache Inc., a supplier of industrial belts and hoses, with closing expected on 1 November 2017. The deal is expected to add about $100 million in revenue to Motion.

“Motion Industries, a subsidiary of pub­licly traded Genuine Parts Co., has reached a definitive agreement to acquire Apache in a deal expected to close Nov. 1.”corridorbusiness.com

• 1 source
• corridorbusiness.comMotion Industries acquires Apache Inc.Oct 30, 2017

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