Motion Canada, a division of Motion Industries, Birmingham, Alabama, a subsidiary of Genuine Parts Company (NYSE: GPC), has entered into an agreement to acquire The Fluid Power House, Ontario, Canada. Terms of the transaction were not disclosed.
Fluid Power House is an engineering-focused, full-service fluid power distributor supplying hydraulic systems and solutions at four locations in Ontario. The company expects annual 2019 sales of more than $21 million.
"We are pleased with the growth Motion Canada is realizing,” said Randy Breaux, President of Motion Industries. “This acquisition allows us to continually earn our place as the premier industrial solutions company by providing the preferred customer experience and delivering shareholder value."
Related Posts
-
Flow-Zone is the premier distributor of pipe, valves, fittings, instrumentation, controls and measurement equipment for…
-
Dynamic Controls Group's electronic control capabilities will help Allied accelerate technical advances in power wheelchairs.
-
Motion Industries, a subsidiary of Genuine Parts Co., announced Monday it has acquired Canada-based TRC…
