Motion Industries Inc. has signed a definitive purchase agreement to acquire the operating assets of U.S.-based International Conveyor and Rubber (ICR). The transaction is expected to close at the end of December 2024, subject to customary closing conditions. ICR services commercial and industrial customers in the eastern United States. Headquartered in Blairsville, Pa., the company has seven locations, offering sales,…
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Maintenance, repair and operation replacement parts distributor Motion Industries Inc. promoted Eric Gonzalez to senior vice president of Mexico, Canada, industry segments and business development, effective immediately. Full story.
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Motion Industries Inc. has signed a definitive purchase agreement to acquire the operating assets of Perfetto Manufacturing and SER Hydraulics. Subject to customary closing conditions, the transaction is expected to be finalized at the end of February. The affiliated organizations are well-established, with Perfetto in business since 1986 and SER Hydraulics since 1978. Located in Sudbury, Ontario, Canada, each has…
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