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Motion Industries signed a definitive agreement to buy the operating assets of Perfetto Manufacturing and SER Hydraulics, fluid power companies in Sudbury, Canada, with closing expected at the end of February 2024; terms undisclosed.
Motion Industries broke ground on a $11.1 million, 104,000-square-foot shop facility in Irondale, Alabama, housing its fluid power shop, hose and rubber shop and engineering department. The project was announced in October 2020, is expected to finish in Q3 2021 and will create 15 new jobs.
Motion Industries, a subsidiary of Genuine Parts Company, has acquired Hydraulic Supply Company, a full-service hydraulic, pneumatic and industrial products distributor, with the transaction completed on October 1, 2018.
Motion Industries, a subsidiary of Genuine Parts Company, agreed to acquire Power Industries, an MRO parts distributor in Santa Rosa, California, expanding its San Francisco Bay Area presence. The agreement was executed May 1, 2018.
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.
