Motion Industries to acquire Missouri Power Transmission
Motion Industries has entered into a definitive agreement to acquire Missouri Power Transmission.
Execution of the transaction is expected to take place March 1, 2016.
Missouri Power Transmission has been a distributor of power transmission equipment and industrial supplies since 1970. The company specializes in chains, sprockets, bearings, seals, electric motors and controls, belting, and related industrial parts. Headquartered in St. Louis, Power Transmission services customers from 15 branch and affiliate offices. Its machine shop performs services including gearbox repair, shafting (keyed and plain), welding, and customized machining and millwork.
Al Dressing, president of Missouri Power Transmission, said, "We are incredibly excited about the potential this creates for our people, and believe that our future is bright and the opportunities are endless."
"We are very pleased about the addition of this well-established company, which will bolster our power transmission sales and services in the Midwest and beyond," said Kevin Storer, Motion's senior vice president of U.S. Operations.
Tim Breen, Motion's president and CEO, added, "We welcome all Missouri Power Transmission employees to the Motion family, and we look forward to the contributions they will make to our company in upcoming years."
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.
