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Motion Industries

From Wikipedia, the free encyclopedia

Motion Industries, Inc.
FormerlyOwen Richards Co.
Company typeSubsidiary
IndustryIndustrial Equipment & Components
Founded1946; 78 years ago (1946)
Headquarters
Birmingham, Alabama
,
United States
Key people
Randy Breaux (president)[1]
RevenueIncrease$8.4 billion USD (2022)
Number of employees
9,100 (2022)
ParentGenuine Parts Company
Websitemotion.com

Motion, known formally as Motion Industries, Inc., is an American distributor of industrial parts and industrial technology headquartered in Birmingham, Alabama. Since 1972, it has been a wholly owned subsidiary of Genuine Parts Company.

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History

Motion Industries began as Owen Richards Co., an industrial supply company, which Caldwell Marks and William Spencer III purchased in 1946 in Birmingham. They changed the name to Motion Industries, according to the founders, "because everything we do moves – we're in the bearing and transmission business."[2]

Marks and Spencer merged Motion Industries with Genuine Parts Company in 1972. Motion Industries now forms the Industrial Parts Group of Genuine Parts.[3] According to Marks, Motion Industries was one of the first industrial distribution companies to establish a central distribution center and set up an electronic parts database.[2]

In January 2021, Motion Industries announced an official rebrand as Motion. The company announced that "the move to rebrand is intended to solidify the company's structure and advance its position in the marketplace."[4] The rebranding also coincided with Motion's 75th anniversary.

Operations

Motion Industries branch office Livonia, Michigan

Motion Industries is an industrial parts distributor for products including bearings; mechanical power transmission; electrical and industrial automation; hose, belting, and gaskets; hydraulic and pneumatics; process pumps; hydraulic and industrial hose; material handling; seals and accessories; and industrial/safety supplies.[5] It also provides fabrication and repair services.[6] The company's business units Motion Automation Intelligence (Motion Ai), Mi Conveyance Solutions and Mi Fluid Power Solutions were formed to offer specialized, related products and services in those respective areas.[5]

As of 2021, Motion had annual sales of over $7 billion and 170,000 customers.[5] Its customers cross numerous industries, including food and beverage, pulp and paper, iron and steel, chemical, mining and aggregate, petrochemical, automotive, semiconductor, wood and lumber, and medical and pharmaceuticals.[5]

Motion placed first in Modern Distribution Management's list of Top Bearings/PT Distributors in 2022,[7] and third on Industrial Distribution's 2022 Big 50 list.[8]

Facilities

There are more than 700 Motion facilities, including branches, distribution and fulfillment centers, and service centers located throughout North America. Additionally, there are more than 150 locations in Australasia.[5]

Acquisitions

Motion has made many acquisitions throughout the decades; a few of the larger ones include Berry Bearing (1993),[9] BC Bearing/US Bearings/Norcan (2010),[10] and Kaman Distribution Group (2022).[11]

The acquisition of Inenco (completed 2019), now Motion Asia Pacific, expanded Motion's global markets.[12]

Legal

In 2012 Donald G. Maynor II, an employee, sued Motion Industries for age discrimination, alleging that the company fired him due to his age in violation of the West Virginia Human Rights Act.[13] In 2015 Motion Industries sued Superior Derrick Services for $1 million due to non-payment of a portion of a contract for parts delivered between 2011 and 2014.[14]

References

  1. ^ "Motion Industries names new President". Birmingham Business Journal. 2018-12-19. Retrieved 2019-02-14.
  2. ^ a b Garrison, Greg (2013-10-06). "Man in Motion: From meeting with JFK to helping start companies and launch Kirklin Clinic, businessman Caldwell Marks led Birmingham behind the scenes (Life Stories)". The Birmingham News. Retrieved 2015-08-18.
  3. ^ "Motion Industries". Genuine Parts Company. Retrieved June 9, 2018.
  4. ^ "Motion Industries Rebrands as Simply 'Motion'". MDM. January 19, 2021.
  5. ^ a b c d e Press Release from Motion
  6. ^ Stroud, Rob (2015-04-02). "Motion Industries relocates to new location in Mattoon". Journal Gazette & Times-Courier. Retrieved 2015-08-18.
  7. ^ "Top Distributors Archive". Modern Distribution Management. Retrieved 2023-01-28.
  8. ^ "Industrial Distribution September/October 2021 Page 14". editions.mydigitalpublication.com. Retrieved 2023-01-28.
  9. ^ "Bearings business on a roll in Chicago". Chicago Tribune. 9 September 1993. Retrieved 2023-01-28.
  10. ^ Cooper, Lauren B. (2010-03-03). "Motion Industries finalizes purchase of Canadian distributor". www.bizjournals.com. Retrieved 2023-01-28.
  11. ^ "Motion Completes $1.3B Acquisition of Kaman Distribution". Industrial Distribution. 2022-01-04. Retrieved 2023-01-28.
  12. ^ "Genuine Parts Company Completes Acquisition Of Leading Industrial Distributor In Australasia". Genuine Parts Company. Retrieved 2023-01-28.
  13. ^ Asbury, Kyla (2012-11-14). "Motion Industries sued on claims of age discrimination". West Virginia Records. Retrieved 2015-08-18.
  14. ^ Ostrow, Carol (2015-08-06). "Industrial equipment supplier alleges non-payment by client". Louisiana Record. Retrieved 2015-08-18.
This page was last edited on 20 January 2024, at 19:57
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