Motion Industries makes acquisition in Iowa

Motion Industries makes acquisition in Iowa

Alabama industrial components firm acquires Apache Inc. of Cedar Rapids, Iowa.

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October 20, 2017
Recycling Today Staff
Crushing & Screening Equipment Equipment & Products

Birmingham, Alabama-based Motion Industries Inc. has announced it has entered into a definitive agreement to acquire Apache Inc., headquartered in Cedar Rapids, Iowa.

Apache, founded in 1963, has grown to be one of the largest belting companies in North America by offering numerous hose, belting, custom fabrication and onsite belting services, according to Motion Industries in a news release. Apache serves both the industrial and agricultural market from seven sales and production locations in the United States through a distribution network and will continue to do so going forward, adds the firm.

“We have had a great relationship with the Motion team for many years and this step is really a continuation of our growth strategy,” says Tom Pientok, Apache’s president and CEO. “We will preserve and build on the long-standing reputation of the Apache name and we’ll now have access to greater capabilities for accelerated growth. Becoming part of Motion will also assure that our employees will be well cared for in the future and that we will have the ability to continue to service our customers and represent our supplier partners in the way which they are accustomed. The cultural fit with Motion Industries is ideal and we are very pleased to become part of their team.”

Adds Tony Cefalu, senior vice president of shops and services for Motion Industries, “The addition of Apache further enhances our value-added offering in our belting and hose business. We have known Tom and his team for a long time and we couldn’t ask for a better or more talented group to partner with.”

“We are very pleased with the addition of Apache,” says Tim Breen, president and CEO of Motion Industries. “This is a well-established company with an outstanding reputation. The acquisition of Apache continues to build upon and complement our growth strategy in the area of hose, belting and material handling. Apache will be operated as part of Motion’s belting group, which includes several other acquisitions made over the past few years.”

Motion Industries is a wholly owned subsidiary of Atlanta-based Genuine Parts Co. and describes itself as 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 annual sales of $4.6 billion, more than 500 locations and serves more than 300,000 customers from the pulp and paper, iron and steel, chemical, mining and aggregate, petrochemical, automotive, wood and lumber, pharmaceutical and food and beverage industries.