12/4/2013<< Back to Facilities Management Press Releases Home
Motion Industries announces the acquisition of Paragon Service & Supply, Inc.
Birmingham, Ala. – Motion Industries, a leading distributor of industrial maintenance, repair, and operation (MRO) replacement parts, is pleased to announce that it has closed on the acquisition of Paragon Service & Supply, Inc. Headquartered in Lima, Ohio, Paragon is an industrial distributor serving customers throughout the region with custom designed tooling and MRO supplies. Paragon is independently owned and operated, having been in business since 1991. Motion expects the acquired business to generate annual revenues of approximately $15 million.
Bill Stevens, Chairman and CEO of Motion Industries, stated, “We are pleased to announce the addition of Paragon to the Motion Industries’ team. We look forward to the contributions they will make to Motion in the years to come.”
Tim Breen, President and COO of Motion Industries, added “Paragon has built a solid business supporting customers with metalworking, cutting tools and abrasive products. The addition of Paragon provides continued growth opportunities in the Ohio and surrounding area”.
With annual sales of $4.5 billion, Motion Industries is 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 over 550 operations including 14 distribution centers throughout North America and serves more than 150,000 customers from the food and beverage, pulp and paper, iron and steel, chemical, mining and aggregate, petrochemical, automotive, wood and lumber, and pharmaceutical industries.
Motion Industries is a wholly owned subsidiary of Genuine Parts Company (NYSE: GPC). Visit our website at www.motionindustries.com. Contact us toll-free at (800) 526-9328.