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Motion Industries Acquires California MRO Distributor
Release Time£º25 May,2018
<p style="text-align:center;"> <img src="/membcentre/editor/attached/image/20180525/20180525095721_23705.bmp" alt="" /> </p> <p style="text-align:center;"> <br /> </p> <p style="text-align:left;"> Motion Industries, Inc., a wholly owned subsidiary of Genuine Parts Company (GPC), has announced that it has entered into a definitive agreement to acquire Power Industries, Inc., also known as Santa Rosa MRO, LLC, headquartered in Santa Rosa, California. Execution of the transaction occurred on May 1, 2018.<br /> <br /> Founded in 1951, Power Industries specializes in distributing MRO parts including bearings, power transmission, fluid power, and hose and fittings. The company¡¯s factory specialists assist customers with cost savings and productivity in their applications. Industries served include wineries, food and beverage, water treatment, forest products, construction, and manufacturing.<br /> <br /> The addition of Power Industries, which shares its locations with two NAPA AUTO PARTS stores in Santa Rosa and Napa, expands Motion Industries¡¯ footprint and customer service capabilities in the San Francisco Bay Area.<br /> <br /> ¡°The industry and product knowledge of Power Industries employees will be a big plus for our business, particularly in Northern California,¡± said Tim Breen, Motion Industries¡¯ President and CEO. ¡°We welcome them to the Motion family, and look forward to achieving great things together.¡±<br /> <br /> The agreement marks Motion Industries¡¯ second acquisition of a California company in the last year. Numatic Engineering (Los Angeles) joined the Motion Industries team in August 2017.<br /> </p>
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