Motion, Genuine Parts Company's industrial segment, achieved better than $8.4 billion in 2022 sales.
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The new 105,000 square-foot facility features 55,000 more square feet over the old location, Motion said.
Mike Hockett analyzes the noticeably different levels of optimism in the commentary given by industrial distributors Fastenal and Motion in their third-quarter earnings calls.
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Sales growth at Motion Industries narrowly outpaced that of 2Q, with organic sales driving the majority of it, alongside a continued boost from Kaman Distribution Group.
The MRO parts distributor said Lisa Solomon has been promoted to senior vice president of corporate accounts.
For the second quarter of 2022, Genuine Parts Company reported record sales of $5.6 billion, a 17% increase over the same period a year ago.
Mike Marks and Tom Gale explore the impact of recent landmark acquisitions and how the mission of strategic deals runs counter to that of private equity.
