GPC’s 2024 results show overall sales growth driven by acquisitions and favorable currency impacts, while its industrial parts subsidiary, Motion, continues to face sales declines.
Year-over-year sales and profit continued to slide at Motion, reflecting challenges in the industrial sector.
Year-over-year sales and profit continued to slide at MRO supplies distributor Motion, though not as much as in 1Q.
The distributor has expanded branch capabilities in gasket sealing and fabrication, material handling and industrial hose supply.
The cooperative has honored its top distributors and manufacturers for their achievements and contributions over the past year.
It was the eighth time the company has been cited for safety violations since 2013.
It grows Singer’s footprint to 100+ locations and over 1,400 employees while boosting its on-site hose repair presence.
It follows several years of transformation for the distributor of fluid handling, sealing and material conveyance supplies and solutions.
In the past 2 years, Singer Industrial divested a business unit, rebranded, made over a dozen acquisitions and added plenty of greenfields. CEO Craig Osborne tells us how his company has handled it all.
It makes for 10 deals completed by Singer during 2023.
Striking in Louisville, it’s the second deal of the year for the fluid handling, sealing and material conveyance distributor.
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