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

Recent Posts

Historic deal positions FIA World Endurance Championship for record decade of growth as the sport enters its golden age

FIA President Mohammed Ben Sulayem hails new agreement as a vital step forward for racing…

1 day ago

Alpaca and Indonesia Stock Exchange Move to Connect Indonesian Investors With Global Markets

Indonesia’s rapidly expanding investor community is creating a new opportunity for financial technology companies: connecting…

3 days ago

Roseman Bioventures Strengthens Nevada’s Life Sciences Ambitions With New Leadership

Nevada’s emergence as a life sciences destination is gaining momentum, and Roseman Bioventures is positioning…

4 days ago

Hyperion and CADDi Target a Hidden Manufacturing Bottleneck: The Cost of Slow Quotations

Hyperion Materials & Technologies is working with CADDi to centralise engineering data and accelerate quotation…

5 days ago

Starting a Business in Ontario? Understanding the Financial Steps to Get You Started

Launching a business in Ontario is an exciting but strategic endeavour that begins with a…

5 days ago

Sonos Expands Its Connected Audio Ecosystem With Beam Ultra and Ace Ultra

The next stage of premium consumer electronics is increasingly about ecosystems rather than individual devices.…

6 days ago