Motion Industries acquires Braas Company
Motion Industries has acquired Braas Company, a Minneapolis area automation and control distributor.
Braas Company is a multi-regional distributor of products and services for industrial automation and control, specializing in pneumatics, motion control, industrial networking, machine safety, robotics and related industrial parts. Founded in 1961, Braas Company is based in Eden Prairie, Minnesota, and serves thousands of customers throughout the Midwest and Southeastern United States from a network of five sales offices and three warehouses. The addition of Braas Company is expected to generate annual revenues of approximately $90 million.
"Braas Company is a well-established distributor of products and services in the industrial automation and control categories. The growth prospects for this segment of the industrial marketplace are compelling, and the addition of such a well-positioned business serves to substantially enhance our automation capabilities," said Paul Donahue, president and chief executive officer of Genuine Parts Company, parent of Motion Industries.
Joe Schwartz, Braas CEO, commented about the acquisition, "After meeting with several potential buyers, we found a cultural fit with Motion Industries and are very pleased to become part of their team. Becoming part of Motion assures that our employees will be well-cared for in the future and that we will have the ability to continue to service our customers and represent our supplier partners in the way which they are accustomed. At the same time, we’ll now have access to even greater capability and resources, enabling us to accelerate the growth of our already successful business."