Solve Industrial Motion Group completed the acquisition of Power Rite Products.

Solve Industrial Motion Group, a provider of engineered bearings and power transmission solutions, completed the acquisition of Power Rite Products, a North American supplier of chain and related power transmission components. Financial terms were not disclosed. "I am thrilled for our company to join the Solve family. Solve has a strong history of growth and investment, and we are excited about being a part of their vision. We feel that we integrate well into Solve, and their dedication to customers mirrors ours," Robert Capanelli, Power Rite Products President.