With 2005 sales of $2.8 billion, Motion Industries is a distributor of bearings mechanical, industrial automation, electrical, pneumatic, and hydraulic power replacement parts hose and rubber products and industrial supply products. The company was later acquired by Setech Corporation in 1997 and grew to its current branch and integrated supply operation, employing 102 people in four facilities: Jackson, TN Corinth, MS Madison (Nashville), TN Memphis, TN, and its integrated supply locations. “This strategic move is a continuation of our expansion plans, and we are pleased to have Lewis Supply join our organization,” said Motion President and CEO Bill Stevens. The company also provides integrated supply capabilities to a segment of its customer base. Lewis Supply’s general mill supply product offering includes casters, cutting tools, fluids, machinery accessories, power transmission, material handling, precision measurement and safety products. Motion also purchased Wichita, KS-based general-line distributor Hub Supply Inc. The acquisition is the company’s biggest foray yet into the industrial supply sector. The added scale, presence and capabilities through the KDG acquisition is a great example, checking several boxes with its core power transmission and bearings business, and automation and fluid power industrial services and solutions," he said.Motion Industries, Inc., Birmingham, AL, distributor of industrial maintenance, repair, and operation (MRO) replacement parts, has acquired Lewis Supply Company, Memphis, TN. "We continue to look for strategic M&A opportunities to further boost our products and services offerings and expand our footprint. On the heel's of Motion's recent acquisition of Kaman Distribution Group, Donahue said the company will remain on the lookout for additional buying opportunities. We have expanded our industrial services and value-add solutions capabilities in areas such as equipment repair, conveyance and automation." "We are encouraged by the incremental sales for our inside sales center and on. He added that Motion's omnichannel build-out of e-commerce is driving sales with new customers. "These include sectors such as equipment and machinery, iron and steel, automotive and aggregate and cement, among others." "Our Industrial team delivered positive sales growth across virtually all major product categories and industries we serve, including double-digit increases in the majority of our industry groups," Donahue said. Net income from continuing operations for the 12 months was $898.8 million, or $6.23 per diluted share. Total company sales in 2021 were $18.9 billion, a 14.1 percent increase from $16.5 billion for the same period in 2020. Segment profit of $595 million was up 23.5 percent for the year from $481.9 million. Likewise, we had strong growth in both our North American and Australasian Industrial businesses, which drove the third consecutive quarter of double digit comps for this segment."įor the full year, Motion's sales of $6.3 billion grew 11.5 percent from $5.7 billion in 2020. and high-single digit sales comps in Canada, Europe and Australasia. "The strength in Automotive was broad-based across our operations, with 13 percent sales comps in the U.S. "The double digit sales and earnings growth for the Automotive and Industrial businesses is a reflection of strong global demand and the diligent execution of our initiatives to accelerate growth and improve profitability," said Paul Donahue, chairman and chief executive officer of Genuine Parts Company. Segment profit of $153.8 million was up 15.3 percent and the profit margin was 9.5 percent compared to 9.3 percent in 2020, up 20 basis points. The improvement reflects a 12.5 percent increase in comparable sales and a 0.3 percent favorable impact from foreign currency. Motion Industries, the Industrial Parts Group of Genuine Parts Company, reported fourth-quarter sales of $1.6 billion, up 12.8 percent from $1.4 billion in 2020. Posted FebruMotion Industries sales climb 12.8 percent
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