MDM Interview: Motion's Growth in Industrial Supplies
Distributor's CEO talks about the motivations behind recent acquisitions
November 25, 2008
MDM sat down with Motion Industries President and CEO Bill Stevens at the recent Power Transmission Distributors Association annual Industry Summit. In Part I of this interview, Stevens addresses Motion's recent market moves, including its recent acquisition of Drago Supply Company, Port Arthur, TX.
Stevens also talks about the Canadian and Mexican markets and the opportunity Motion sees in alternative energy markets. In Part II of this interview, to be published Dec. 10, 2008, Stevens delves deeper into trends he is seeing in Motion's core markets. Motion Industries, a subsidiary of Genuine Parts Company, is an industrial distributor. It had $3.36 billion in sales in 2007.
MDM: Talk a little about your recent spate of acquisitions ...