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Announced

Completed

Solve Industrial Motion completed the acquisiton of Miller Bearing.

Synopsis

Solve Industrial Motion, a provider of engineered bearings and power transmission solutions, completed the acquisiton of Miller Bearing, a US manufacturer specializing in conveyor bearings. Financial terms were not disclosed. "The Miller acquisition fits so well because it expands our manufacturing capabilities, and adds a great workforce and facility in Kent. Additionally, Miller's focus on conveyor bearings is key, as they are a key component of the conveyor rollers we manufacture in Loveland, Ohio. This move helps us expand our solutions for the material handling industry," Ernie Lauber, Solve Industrial Motion CEO.

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