Alabama-based Motion Industries has announced it has increased its footprint in Canada with its agreement to purchase hydraulic and pneumatic cylinder manufacturer and repair group Stoney Creek Hydraulics. The deal was expected to close by October 31, the company confirmed. “We are excited to begin a new chapter as part of the Motion team,” SCH owner Patric Gauthier said. “It…
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Motion expands further in Canada with Stoney Creek acquisition
Motion Industries Inc., a distributor of maintenance, repair and operation replacement parts, and a premier provider of industrial technology solutions, signed a definitive purchase agreement to acquire the operating assets of Canadian-based Stoney Creek Hydraulics. The transaction is expected to close at the end of October, subject to customary closing conditions. Founded in 1998, Stoney Creek Hydraulics specializes in hydraulic…
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