Posted March 3, 2010
Motion Industries completes BC Bearing acquisition
Motion Industries has completed the acquisition of the North American assets of BC Bearing (BC Bearing and US Bearings), effective March 1, 2010.
The company announced the pending agreement to acquire these assets in December. In today's announcement, Motion parent Genuine Parts Company said it will no longer be acquiring the assets of Norcan Fluid Power, a BC Bearing Group hydraulic components distributor with seven Canadian locations.
BC Bearing, headquartered in Vancouver, British Columbia, is a bearing and power transmission distributor with operations throughout western Canada and the northwestern U.S. The company expects the acquired business to generate annual revenues of approximately $155 million (CDN).
