Categories: ManufacturingWorld

Solve Industrial Motion Group Expands Capabilities with Acquisition

Solve Industrial Motion Group, a leading provider of engineered bearings and power transmission solutions, has acquired Miller Bearing Company, a U.S. manufacturer based in Kent, Ohio known for its conveyor bearing expertise. The acquisition strengthens Solve’s manufacturing capabilities and adds a highly skilled workforce and facility in Kent. It also enhances Solve’s offerings for the material handling industry, especially in conveyor systems.

CEO Ernie Lauber said the move is a natural fit for the company’s strategy. “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 core component of the conveyor rollers we manufacture in Loveland, Ohio. This move helps us expand our solutions for the material handling industry.”

Donald Miller, Jr., President of Miller Bearing Company, said joining Solve supports growth ambitions while maintaining service quality. “Solve is a great fit for Miller. Their scale and speed will help us grow, while their reputation ensures our customers will continue receiving the world-class service we were built on.”

About Solve Industrial Motion Group

Formed in 2020, Solve Industrial Motion Group brings together the PTI, IPTCI, and LMS brands. The company has expanded through multiple strategic acquisitions, becoming a full-service engineered solutions provider supported by a broad North American network.

About Miller Bearing Company

Founded in 1978, Miller Bearing Company manufactures a wide variety of conveyor bearings from its 60,000 sq. ft. facility in Kent, Ohio, serving customers across the material handling sector.

World Economic Magazine

Share
Published by
World Economic Magazine

Recent Posts

2nd Edition Model Risk Management, Canada

The Marcus Evans 2nd Edition Model Risk Management, Canada conference taking place in Toronto, Canada…

23 hours ago

‘Grow With China’ Event Highlights Shanghai’s Expanding Role in Global Economic Growth

Economists say Shanghai is strengthening its role as China’s reform engine, accelerating innovation and global…

1 day ago

U.S. Consumers Plan to Spend Nearly $80 Billion During Black Friday

U.S. shoppers are set to spend nearly $80 billion this Black Friday and Cyber Monday,…

3 days ago

Waiken’s $450 Million Bet on Latin America: A Strategic Push into Connectivity and Content

Waiken has unveiled a US$450 million investment plan through 2031 to strengthen its entertainment and…

3 days ago

Retirement Realities of the American Middle Class Revealed in New National Report

A new Transamerica report reveals how American middle class is navigating retirement planning amid financial…

4 days ago

Switzerland, Nordics and Singapore Lead Global Investment Risk and Resilience Index

Switzerland leads the Global Investment and Resilience Index, outperforming major economies in its ability to…

5 days ago