Motion Industries, Inc. a wholly owned subsidiary of Genuine Parts Company, has entered into a definitive agreement whereby Motion Industries has agreed to acquire Moss Rubber and Equipment Corporation. Execution of the transaction is expected to take place immediately.
Moss Rubber and Equipment has been a leading supplier of quality industrial rubber products since 1965. Moss specializes in hose and rubber products for the petroleum, construction, mining, manufacturing, transportation and agricultural industries throughout northern California. Moss services customers from two locations, South San Francisco and Benicia, Calif.
"We are very excited to become part of Motion Industries and to be able to leverage the added strength that the company provides," said Greg Moss, President of Moss Rubber. "It will be a good fit with our customer relationships, which for both companies are built on a platform of trust, performance, and satisfaction."
Tim Breen, president and CEO of Motion Industries, stated, "We are excited about gaining Moss's technical expertise in the hose and rubber category, which will help broaden Motion Industries' services even more in this area. We want to welcome all Moss employees to the Motion family, and we look forward to the contributions they will make to our Company in the years to come."
With annual sales of $4.8 billion, Motion Industries is a leading industrial parts distributor of bearings, mechanical power transmission, electrical and industrial automation, hydraulic and industrial hose, hydraulic and pneumatic components, industrial products, safety products, and material handling. Motion Industries has over 550 operations including 15 distribution centers throughout North America and serves more than 150,000 customers from the food and beverage, pulp and paper, iron and steel, chemical, mining and aggregate, petrochemical, automotive, wood and lumber, and pharmaceutical industries.