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When facilities are designed and built to meet the standards of the day, the plant is as efficient as it will ever be on day one. However, as the plant ages and production demands increase, aging equipment becomes strained leading to inefficiencies and escalating costs.
Motion Industries, Inc. has promoted Eric Gonzalez to senior vice president of Mexico, Canada, industry segments and business development, effective immediately.
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.