Motion Industries agrees to take on Canadian distributor LSI
Motion Industries, Inc., the Birmingham, Alabama-based distributor of MRO replacement parts and more, has reportedly signed a definitive purchase agreement to acquire the operating assets of Canadian-based LSI Supply Inc. and its sister company 273 Ontario (which trades as LSI). The transaction is expected to close later this month, subject to customary closing conditions.
Headquartered in Windsor, Ontario, LSI Supply has five area locations and distributes bearings, seals, power transmission and fluid power components and industrial supplies. Industries served include agriculture, automotive, food and beverage, marine, plastic injection, renewable energy and tool and die. LSI also provides maintenance supplies for the military and wastewater services.
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