Birmingham, AL-based Motion Industries, a subsidiary of Genuine Parts Co. (NYSE: GPC), has agreed to acquire the North American assets of BC Bearing, Vancouver, British Columbia. (More Motion Industries news)
BC Bearing is a bearing and power transmission distributor with 53 branches in western Canada and the northwester U.S. The company has annual sales of C$185 million.
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"The acquisition of BC Bearing allows Motion Industries to continue its expansion in Canada and the northwestern U.S., where we significant growth opportunities," said Bill Stevens, president and CEO of Motion Industries.
With 2008 sales of $3.5 billion, Motion Industries is an industrial parts distributor of bearings, mechanical power transmission, electrical and industrial automation, hydraulic and industrial hose, hydraulic and pneumatic components, industrial products, and material handling. Motion Industries has 500 operations including seven distribution centers throughout North America and serves more than 100,000 customers from the automotive, chemical, food and beverage, wood and lumber, iron and steel, pulp and paper, mining and aggregate, petrochemical, and pharmaceutical industries.
Genuine Parts Company is a distributor of automotive replacement parts in the U.S., Canada and Mexico. The company also distributes industrial replacement parts in the U.S. and Canada through its Motion Industries subsidiary. S.P. Richards Company, the Office Products Group, distributes business products nationwide in the U.S. and Canada. The Electrical/Electronic Group, EIS, Inc., distributes electrical and electronic components throughout the U.S., Canada and Mexico. Genuine Parts Company had 2008 revenues of $11 billion.
