Motion Industries, Inc. a wholly owned subsidiary of Genuine Parts Company, recently announced the purchase of Oil & Gas Supply, located in Anchorage, AK. The acquisition was finalized on February 2, 2015.
Oil & Gas Supply has two locations in Alaska – Anchorage and Kenai – providing industrial and hydraulic fluid power hoses, fitting and repair services, as well as tank truck parts to the oil and gas industry. The purchase of Oil & Gas Supply expands Motion Industries’ Northwest footprint, serving industries including mining, construction, and fishing, in addition to oil and gas.
“The addition of Oil & Gas Supply provides an expansion of products, services, and value for customers in Alaska, an important area for our company’s 49-state coverage,” said Tim Breen, Motion Industries’ president and CEO. “We are happy to have Oil & Gas Supply as part of the Motion Industries team.”
With annual sales of $4.5 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.