Motion Industries Inc. reported Aug. 14 that it’s agreed to buy the operating assets of LSI Supply Inc. in Windsor, Ontario, and its sister company 273 Ontario that trades as LSI. The transaction is expected to close later this month, and is subject to customary closing conditions.
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.
“We’re thrilled to join the Motion team and look forward to contributing to the company’s growth,” says Jordan Sharpe, president of LSI. “With Motion, our offerings will be broader and deeper than ever, raising our customer service to new heights.”
James Howe, president of Motion, adds, “This acquisition will broaden our leadership position in eastern Canada. LSI’s talent, offerings and markets complement Motion’s perfectly. The business culture is an especially good fit, which is critically important when joining forces and providing premier customer service. We look forward to welcoming LSI’s more than 30 employees, and creating opportunities for our teammates and supplier partners, which will increase value for our customers.”
