Latest In Motion Industries
Genuine Parts Co., the parent of Motion, reported that the distributor’s 1Q sales of $1.5 billion were up 0.1% year-over-year and represented 34% of the company’s revenues in the period.
Jim May, who joined the company in 2020, will now be charged with advancing the company’s acquisition strategy and processes.
Aurelio Banda appointed to key automation role for MRO distributor.
The pandemic has placed some business owners at a crossroads as to whether they should sell off to larger entities in 2021. By almost any measure, the mergers and acquisition market is set to rebound this year, but with that reset there are several factors to consider when it comes to selling out to distributors.
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.
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.
Parent company Genuine Parts Co. sales down 1 percent in 2Q.
Acquisition expands company's offering.
Acquisition expands company's offering.
Parent company Genuine Parts Co. sales down 0.5 percent in 1Q.
Bearings.com offers bearings-related news and applications to professionals.
Mark Stoneburner will expand the company's existing industry segment focus.
