Genuine Parts Co., the parent of Motion, reported that the distributor’s 4Q sales of $1.4 billion were down 3.3% year-over-year and represented 34% of the company’s revenues in the period.
Latest In Motion Industries
MRO distributor appoints seven to leadership roles in various divisions and regions around the country.
Company says rebrand is “intended to solidify the company’s structure and advance its position in the marketplace” and also coincides with Motion's 75th anniversary.
Stengel previously served as chief transformation officer of the company of Genuine Parts and his background also includes executive roles at HD Supply.
Genuine Parts Co., the parent of Motion Industries, reported that the distributor’s 3Q sales of $1.4 billion were down 18.6% year-over-year, or down 8.7% excluding the EIS divestiture.
Addition of Park Hills, Kentucky-based Applied Machine and Motion Control Inc. will broaden Motion’s offering to customers.
M&A volume hasn’t completely returned to pre-COVID volume, but last month saw decent activity and some multibillion-dollar deals, including two in building materials & construction and one involving a distribution ERP provider.
Motion Industries, a subsidiary of Genuine Parts Co., announced Monday it has acquired Canada-based TRC Hydraulics and California-based F&L Industrial Solutions.
Sales for the Industrial Parts Group increased 10.2%.
Fluid Power House is an engineering-focused, full-service fluid power distributor supplying hydraulic systems and solutions at four locations in Ontario.
EIS became the Electrical Specialties Group of Motion Industries in March of 2018.
Jeremy Barton was most recently Mountain Division sales manager at Motion Industries.
Watwood has been division vice president, general manager of the Nashville division of Motion Industries since 2014.
The company will continue its focus on motion control, robotics and machine vision.
Company veteran Joe Limbaugh named senior vice president of supply chain, operations support and marketing.
Randall Breaux was previously executive vice president of marketing, distribution and purchasing for the company.
Company promotes Kevin E. Herron to president, U.S. Automotive Parts, and Randall P. Breaux to president, Motion Industries.
Senior VP and CIO Ellen Holladay receives 2018 Wendy B. MacDonald Award
