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Headquarters: Birmingham, AL
2009 Revenues: $2.9 billion
Change in Sales from 2008: -17%
Key Executives: CEO Bill Stevens; COO Wayne Law; COO Industrial Products Tom Robertshaw; CIO Ellen Holladay
2009/2010 Acquisitions: BC Bearing; General Tool & Supply; Monroe Rubber & Plastic Supply
Motion Industries, a subsidiary of Genuine Parts Co., was one of the more acquisitive distributors in an otherwise quiet year for M&A. Motion has made three acquisitions since the start of 2009. One of those acquisitions was BC Bearing in Canada, a C$185 million distributor based on Vancouver, British Columbia. About that acquisition, president and CEO Bill Stevens said: "The acquisition of BC Bearing allows Motion Industries to continue its expansion in Canada and the northwestern U.S., where we significant growth opportunities." The distributor also continues to expand its presence in industrial supplies.
Motion is an industrial parts distributor of bearings, mechanical power transmission, electrical and industrial automation, hydraulic and industrial hose, hydraulic and pneumatic components, industrial products, and material handling. Motion serves customers from the automotive, chemical, food and beverage, wood and lumber, iron and steel, pulp and paper, mining and aggregate, petrochemical, and pharmaceutical industries.
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