Shuster Corporation celebrates 100th year in business
June 15, 2016 | By Rehana Begg
Birmingham, Ala. – Shuster Corporation, provider of bearings and power transmission products, and a division of Motion Industries, is celebrating its 100th anniversary – a rare event in today’s industry climate. Shuster is based in New Bedford, MA.
Michael Pelehach, president of Shuster Corporation, offered some insight into the company’s longevity. “Not many companies can celebrate having been in business for 100 years,” he said. “When you analyze what it is that has kept us viable over the years, it isn’t the products we sell or the processes we follow – it’s about the people that we hire. We have been blessed to have a long history of exceptional people working for Shuster Corporation. Our people care, and that is a pretty strong foundation to build a business on.”
“We certainly congratulate all at Shuster Corporation for reaching this truly remarkable milestone,” said Tim Breen, Motion Industries’ President and CEO. “The Shuster team’s unwavering commitment to service excellence has definitely contributed to the company’s growth throughout the years. We’re proud that Shuster is part of the Motion family, and look forward to another, even more successful 100 years.”
A brief history
Shuster Corporation began in coastal New Bedford (also known as “The Whaling City”), when in 1916 Simon Shuster started as a scrap dealer. Over time, Shuster started supplying industrial products to the local fishing fleets and industrial customers. That business model evolved during the 1970s, when new generations of Shusters took the helm. When there were bearing shortages, Shuster Corporation saw the opportunity to grow by supplying hard-to-find bearings.
Shuster achieved this by purchasing surplus items from a network of friends in the industry, and ultimately, sourcing select items from China and other countries to help fill the demand.
The company was purchased by Motion Industries in 2007 and has become a vital part of Motion’s development of OEM business. Shuster also works with Motion branches as a resource for hard-to-find bearings – from the smallest miniature bearing to enormous slewing rings – as well as standard bearings and other power transmission products.
More information about Shuster Corporation is available at www.shusterbearings.com.
About Motion Industries
With annual sales of $4.6 billion, Motion Industries is a leading industrial parts distributor of bearings, mechanical power transmission, electrical and industrial automation, hydraulic and industrial hose, hydraulic and pneumatic components, industrial products, safety products, and material handling. Motion Industries has over 550 operations including 15 distribution centers throughout North America and serves more than 150,000 customers from the food and beverage, pulp and paper, iron and steel, chemical, mining and aggregate, petrochemical, automotive, wood and lumber, and pharmaceutical industries.
Motion Industries is a wholly owned subsidiary of Genuine Parts Company. Visit the website at www.motionindustries.com.