Nook industries, inc. sells family business to altra industrial motion corp. (nasdaq: aimc), a leading global manufacturer and supplier of motion control, power transmission and automation products

Cleveland, jan. 03, 2022 (globe newswire) -- nook industries, inc. (“nook” or the “company”), a leader in us engineered linear motion products and solutions announced today that it has sold the family-owned business to braintree, massachusetts based altra industrial motion corp. (nasdaq: aimc), a leading global manufacturer and supplier of motion control, power transmission and automation products. the nook business, which will be integrated into altra's thomson operating company in its automation & specialty (“a&s”) segment, expands the breadth of altra's linear products offering. altra was deemed an excellent strategic fit as the nook family evaluated potential suitors to acquire the 52-year-old business founded by joseph h. nook jr. in 1969.
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