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Domestic
Auto Services
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automation
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United States
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automobile distribution
Acquisition
Synopsis
High Road Capital-backed John Henry Foster Minnesota, a compressed air, robotics & automation distributor, completed the acquisition of the distribution business of Motion Tech Automation, a manufacturer of industrial automation controls. Financial terms were not disclosed. "We are excited to add MTD to the JHFoster family. MTD's product breadth and depth will complement the well-established lines we already provide. This acquisition strengthens JHFoster's position as a supplier of choice for our customers' automation and motion control needs," Nick Martino, John Henry Foster CEO.
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