Motion Industries Inc. has signed a definitive purchase agreement to acquire the operating assets of Perfetto Manufacturing and SER Hydraulics.<\/p>\n\n\n\n
The affiliated organizations are well-established, with Perfetto in business since 1986 and SER Hydraulics since 1978. Located in Sudbury, Ontario, Canada, each has grown to provide engineered solutions, service and equipment for hydraulic\/pneumatic cylinders, complex power units and other assets used in fluid power systems throughout the area, which is central to the mining, agricultural and forestry industries. The dual acquisition will expand and improve Motion\u2019s services to these and other heavy-industry customers.<\/p>\n\n\n\n
\n\u201cAfter more than 30 successful years in business, we want to thank our loyal customers and employees for contributing to our success,\u201d said Gerald Perfetto Sr., owner of Perfetto and SER. \u201cThe Motion team is committed to continued investment in the business, which will bring great opportunities for our customers, employees, and the communities in which we work and live. We couldn\u2019t be more pleased with the interest that Motion has taken in our business and wish everyone continued success.\u201d<\/p>\n<\/blockquote>\n\n\n\n
\u201cWe look forward to welcoming these two terrific organizations, especially the talented employees,\u201d said Randy Breaux, president of Motion parent company GPC North America. \u201cThese world-class experts will be key to our market growth strategy, and we look forward to extending our position together as a premier leader in industrial solutions.\u201d<\/p>\n\n\n\n
Financial terms of the transaction were not disclosed.<\/p>\n","protected":false},"excerpt":{"rendered":"
Motion Industries Inc. has signed a definitive purchase agreement to acquire the operating assets of Perfetto Manufacturing and SER Hydraulics. The affiliated organizations are well-established, with Perfetto in business since 1986 and SER Hydraulics since 1978. Located in Sudbury, Ontario, Canada, each has grown to provide engineered solutions, service and equipment for hydraulic\/pneumatic cylinders, complex power units and other assets…<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_themeisle_gutenberg_block_has_review":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[12],"tags":[3038,3040,3039],"coauthors":[1633],"class_list":["post-7794","post","type-post","status-publish","format-standard","hentry","category-the-headlines","tag-motion-industries-inc","tag-perfetto-manufacturing","tag-ser-hydraulics"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t