Motion Industries acquires Epperson & Co.
February 26, 2016 by Manufacturing AUTOMATION
Feb 26, 2016 – Motion Industries, a wholly owned subsidiary of Genuine Parts Company, has entered into a definitive agreement to acquire Epperson & Co., an industrial distributor specializing in material handling products and services since 1932. The transaction is expected to take place March 1.
A supplier of bulk material conveying products and services, Epperson and Company is headquartered in Tampa, Fla. Offerings include conveyor-related products such as belting, idlers and pulleys, as well as services such as system installation and removal, belting splicing and installation, idler replacement and other maintenance projects.
Jimmy Abbitt, Epperson’s president, said, “We are pleased and excited about joining forces with Motion Industries and look forward to the opportunities that this brings for our people. The nice fit for both companies in the Florida market was key to our decision, and we are optimistic about the future.”
Tim Breen, Motion’s president and CEO, added, “We welcome all Epperson employees to the Motion family, and look forward to the positive impact they will make on our overall business.”
With annual sales of $4.6 billion, Motion Industries is an 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.