Motion Industries to acquire Hydraulic Supply Company
Motion Industries has entered into a definitive agreement to acquire Hydraulic Supply Company.
The acquisition is expected to close by Oct. 1.
Founded in 1947 and based in Sunrise, Florida, HSC is a full-service fluid power distributor, with a broad product offering of hydraulic, pneumatic and industrial components and systems. HSC operates from 30 locations primarily in the southeastern United States which are supported by one central distribution center. Motion's parent, Genuine Parts Company, expects HSC to generate estimated annual revenues of $85 million.
"HSC has over 70 years of experience in serving the fluid power industry, and the addition of HSC enhances Motion's footprint for additional fluid power product growth. We are excited to welcome the HSC team to the Motion Industries and the GPC family, and we look forward to working with them to grow our products and services offering into the future," said Paul Donahue, president and chief executive officer of Genuine Parts Company.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
