Motion Industries acquires US hose and belting company

October 23, 2017

apacheMotion Industries has entered into a definitive agreement to acquire Apache Hose & Belting Company, with an effective close date of November 1. Iowa-headquartered Apache, specialises in value-added fabrication of belts, hoses and cut and moulded products used in a wide array of industries and applications.

In addition, the company is also acquiring Monroe Motor Products, with an effective close date of November 1. New York-based Monroe is a leading regional automotive parts distributor with 17 stores and a large hub location. The addition of Monroe will consolidate into Motion Industries’s US Automotive operations and is expected to generate approximate annual revenues of US$25 million.

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International Rubber Prices
(as of 14, November 2017)

Monthly The prices shown above do not include VAT @4% on purchase and expenses towards packing, transportation, warehousing  and other incidentals


Source: India Rubber Board

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PRA ELECTRONIC ISSUE 2017
November/December 2017 Issue

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