Motion Industries Inc. has signed a definitive purchase agreement to acquire the operating assets of Canadian-based Stoney Creek Hydraulics. The transaction is expected to close at the end of October, subject to customary closing conditions.
Founded in 1998, Stoney Creek Hydraulics specializes in hydraulic and pneumatic cylinder manufacture/repair. Cylinders are built according to customer blueprints or designed by the engineering team to meet a customer application’s specific requirements. Repair services include cylinder inspection, machining and testing with precision. The company is named for its location in Stoney Creek, Ontario.
“We are excited to begin a new chapter as part of the Motion team,” said Patrick Gauthier, owner of Stoney Creek Hydraulics. “It is a great fit — both companies are customer-focused and share the same high values and service standards. The future is very bright for us and our customers as we combine resources and deepen our offerings.”
James Howe, president of Motion, added, “As we continue to execute our acquisition strategy to grow our services, we are pleased to welcome Stoney Creek Hydraulics employees to Motion. Their skills and capabilities will bolster our hydraulic offering in Canada and complement our mechanical repair services in the region.”
Motion
motion.com
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