Motion Industries Inc., a Birmingham, Alabama-based distributor of maintenance, repair and operation replacement parts and a provider of industrial technology solutions, has signed a definitive purchase agreement to acquire the operating assets of International Conveyor and Rubber (ICR), based in Blairsville, Pennsylvania.
The transaction is expected to close by year-end.
ICR services commercial and industrial customers in the eastern United States. The company has seven locations, offering sales, installation, repair and maintenance of conveyor belts and related system products. It also provides engineering and design services for custom solutions.
ICR serves a variety of industries, including mining and aggregates, power generation, oil and gas, construction, steel, building materials manufacturing, package handling and distribution, wood/pulp/paper, cement and asphalt, recycling and marine terminals.
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“It’s a perfect match—both companies are dedicated to their customers and share the same core values,” says Kory Krinock, one of ICR’s owner-operators. “We look forward to enhancing our services and customer value proposition while contributing to Motion’s growth.”
With 150 employees, ICR will join Motion’s business unit, Motion Conveyance Solutions. Motion Conveyance Solutions provides value-added solutions and services, specializing in fluid conveyance, critical moving parts, conveyor belting, hose, rubber parts and field services. With a network of nationwide belt specialists, customers receive full field support, on-site expertise, hands-on training and more across industries, the company says.
“ICR is highly complementary to Motion, adding seven strategic locations that expand our reach,” Motion President James Howe says. “ICR introduces new customers and end markets, allowing us to broaden our offerings. We are thrilled to welcome the highly talented ICR employees to the Motion team, including Kory and the other owner-operators, who will continue to play an integral role in the business.”
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