Home » Motion Industries Acquires Monroe Rubber & Plastic Supply
Motion Industries Acquires Monroe Rubber & Plastic Supply
February 16, 2009
Birmingham, AL-based Motion Industries, a subsidiary of Genuine Parts Co., has acquired Monroe Rubber & Plastic Supply, based near Detroit, MI, in Monroe, MI. Monroe is a distributor of hosing and related accessories, and specializes in hydraulic, industrial, metal hose and Teflon hose assemblies.
With the acquisition, Motion now has nine facilities focused on cutting and coupling hose assemblies.
Monroe President Joe Lark will continue providing leadership for the Monroe operation.
In a recent interview with MDM, Motion Industries President Bill Stevens addressed the distributor's acquisition and growth strategy:
"We certainly are committed first and foremost and always to being a bearing-power transmission-hydraulics distributor. That's who we are. That's who we want to be, and we're going to grow that business. Secondly, we want to be in the industrial supplies business. This product area is less technical in nature, but fits our MRO world. Our other new business unit is Systems and Automation and we see an excellent growth potential in this market. Additionally, we will continue to grow our services and integrated supply business."