To all our customers and suppliers,
We are excited to announce that effective 10/3/2016, BRAAS Company has been acquired by Motion Industries (MI), a wholly owned subsidiary of Genuine Parts Company (NYSE: GPC). We are proud to join the MI family of companies, and are eager to leverage the MI resources in order to support our growth goals in the coming years.
Thanks to our customers, employees and vendors for the support and commitment you’ve provided over the years. We are eager to create ever increasing opportunities for our organization as we strive increase the value we bring to our customers and vendors every day.
MI has a strong record of success in the industrial distribution market as the largest Power Transmission distributor in the US. Our shared vision is to become a platform for future growth within the MI organization, focusing on the distribution of high-tech automation components & systems for OEMs, System Integrators and End Users. As part of MI, we will continue to execute on the strategies that have made BRAAS successful since 1961; namely, “Knowledge at the point of sale”
BRAAS Company will continue to operate as a separate division under the MI umbrella, and will retain our name for AR, AP and marketing purposes. Our legal entity name will be “BRAAS Company, a Div. of Motion Industries”.
Thank you for your partnership and for being a part of our success.
Please contact us with any questions you may have.