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Motion & Control Enterprises reached a deal with the provider of hydraulic repair, precision machining, welding, and fabrication services.
It stems from Motion’s recent $1.3 billion acquisition of Kaman Distribution Group and unites the company’s top-tier fluid power business units.
The Ontario, Canada-based logistics provider says fiscal 2023 1Q revenue was up 18% from the previous-year quarter.
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The deal is expected to expand Alaska Rubber Group branch locations to 12 across Alaska, Washington and Oregon.
The distributor acquired the manufacturer of structural roof and floor trusses, wall panels and supplier of lumber to customers in the Southwest U.S.
AD and Torbsa Limited, a building supplies buying group in Canada, have agreed to merge, with an effective date of July 1.
In addition to the leadership announcement, the company plans to invest up to $250 million in supply chain productivity.
Alpha Technologies is a subsidiary that has been ‘successfully distributing Aignep products’ in North American for years, Aignep said.
The acquisition is expected to expand Lane’s presence within the Midwest and enhance its service offerings, the company said.
