Industrial equipment distributor completes acquisition of Canada supplier

Sponsored by


BURNABY, BC, Feb. 10, 2014 -- Effective Friday, Jan. 31, all of the issued and outstanding common shares of Commercial Solutions, Inc. (CSI) has been acquired by Motion Canada -- a division of Birmingham, Ala.-based Motion Industries, a distributor of industrial maintenance, repair and operation (MRO) replacement parts.

Headquartered in Edmonton, Alberta, CSI (TSX: CSA) is an independent national distributor of industrial supplies, including bearings and power transmission products, complete solutions for drilling rigs and industrial and safety supplies. Its customers represent a broad cross-section of industries and are served from 22 locations across Canada and one in the U.S. Motion Canada expects the acquired business to generate approximately $100 million in annual revenues.

The acquisition agreement was previously announced on December 2, 2013. Bill Stevens, chairman and chief executive officer of Motion Industries, stated, "We are pleased to have completed the acquisition of CSI. We welcome the new team and look forward to the many future contributions they will make to our business growth across Canada."

See also: "Industrial parts distributor announces two major acquisitions".

About Motion Industries 

Motion Industries is an 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. The company has over 560 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. For more information, visit www.motionindustries.com.

###

Sponsored by

TODAY'S HEADLINES

NAWC lauds U.S. House Committee's notable PPP bipartisan report

The National Association of Water Companies is supporting the report, "Public-Private Partnerships: Balancing the Needs of the Public and Private Sectors to Finance the Nation's Infrastructure," by the Transportation and Infrastructure Panel of the U.S. House of Representatives.

Baldor Electric receives Governor's Top Quality Award for operational excellence

This week, the Arkansas Institute for Performance Excellence honored Baldor Electric to receive the Arkansas Governor's Quality Award for Performance Excellence.

MA wastewater treatment plant improves operations with sludge grinder

The Lynn Wastewater Treatment Plant in Swampscott, Mass., has improved capacity and reduced maintenance intervals thanks to a pair of Series-A Munchers from NOV Mono.

EPA announces major modifications to ongoing VT landfill Superfund site remedy

EPA has proposed major recommended modifications to the ongoing remedy of the BFI Rockingham Landfill Superfund Site in Rockingham, Vt., that include an increased timeframe to cleanup groundwater, additional groundwater restrictions, and revised arsenic and lead cleanup levels.

FOLLOW US ON SOCIAL MEDIA