Commercial Solutions Inc.

TSX : CSA


Commercial Solutions Inc.

December 20, 2013 14:42 ET

Commercial Files Management Information Circular For Special Shareholders Meeting

EDMONTON, ALBERTA--(Marketwired - Dec. 20, 2013) - COMMERCIAL SOLUTIONS INC. ("Commercial" or "Company") (TSX:CSA), a leading Canadian distributor of bearings, power transmission equipment, oilfield, industrial, and safety products, today announced that it filed its management information circular with the applicable Canadian securities commissions in preparation for its special shareholders meeting to be held at 9:00 a.m. (Edmonton time) on Tuesday, January 28, 2014, at Holiday Inn Conference CTR Edmonton, Evergreen A - Juniper Conference Room, 4485 Gateway Blvd., Edmonton, AB, Canada T6H 5C3 (the "Meeting"). The circular has been filed on SEDAR at www.sedar.com.

The Board of Directors of Commercial has unanimously approved the transaction and recommends that Commercial's shareholders vote FOR the special resolution approving the acquisition of all of Commercial's issued and outstanding shares by Motion Industries (Canada), Inc. ("Motion Canada"), an indirect wholly-owned subsidiary of Motion Industries, Inc. ("Motion Industries") and Genuine Parts Company, in accordance with the arrangement agreement entered into on December 2, 2013 (the "Arrangement").

Commercial's shareholders of record as of 5:00 p.m. (Edmonton time) on December 12, 2013, are entitled to receive notice of, and vote at, the Meeting. The information circular, which shareholders are expected to receive in the coming days, provides important information on the Arrangement and related matters, including voting procedures.

About Commercial

Headquartered in Edmonton, Alberta, Commercial is one of Canada's leading independent industrial distributors with 23 Services Centres and approximately 275 employees located across Canada. Commercial offers more than 160,000 items critical to maintenance repair and operations (MRO) and original equipment manufacturer (OEM) customers. The Company represents 450 leading manufacturers and serves over 11,000 customer accounts within a broad cross-section of industries, including oil and gas, forestry, food processing, chemical processing, mining and aggregate, utilities, agriculture and construction. Commercial trades under the symbol "CSA" on the Toronto Stock Exchange. For further information on the Company, please visit www.commercialsolutions.ca and for detailed financial information visit www.sedar.com.

About Motion Canada, Motion Industries and Genuine Parts Company

Motion Canada is an indirect wholly-owned subsidiary of Motion Industries and Genuine Parts Company (NYSE: GPC). Motion Industries is a leading industrial parts distributor of bearings, mechanical power transmission, electrical and industrial automation, hydraulic and industrial hoes, hydraulic and pneumatic components, industrial products, safety products and material handling. Motion Industries has over 550 operations including 14 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, including its operations in the U.S., Canada and Mexico, had 2012 revenues of $4.5 billion. For further information, please visit www.motionindustries.com.

Genuine Parts Company is a distributor of automotive replacement parts in the U.S., Canada, Mexico and Australasia. The Company also distributes industrial replacement parts in the U.S., Canada and Mexico through its Motion Industries subsidiary. S. P. Richards Company, the Office Products Group, distributes business products nationwide in the U.S. and Canada. The Electrical/Electronic Group, EIS, Inc., distributes electrical and electronic components throughout the U.S., Canada and Mexico. Genuine Parts Company had 2012 revenues of $13.0 billion. For further information, please visit www.genpt.com.

Forward Looking Statements

This news release contains "forward-looking statements" within the meaning of Canadian securities law and other applicable securities legislation concerning the future performance by the Company, including, but not limited to, statements relating to the proposed acquisition by Motion Canada of all of the issued and outstanding common shares of the Company. All statements, other than statements of historical facts, that address activities, events, outcomes and other matters that the Company plans, expects, intends, assumes, believes, budgets, predicts, forecasts, projects, estimates or anticipates (and other similar expressions) will, should or may occur in the future are forward-looking statements. These forward-looking statements are based on management's current belief, based on currently available information, as to the outcome and timing of future events. When considering forward-looking statements, you should keep in mind the risk factors and other cautionary statements. The completion of the above-mentioned proposed transaction is subject to customary closing conditions, termination rights and other risks and uncertainties including, without limitation, required regulatory approvals. Accordingly, there can be no assurance that the proposed transaction will occur, or that it will occur on the terms and conditions contemplated in this news release.

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