Motion industries acquires Miller bearings
Effective today, Motion Industries, Inc. a wholly owned subsidiary of Genuine Parts Company, has entered into a definitive agreement whereby Motion Industries has agreed to acquire Miller Bearings, Inc., headquartered in Orlando, Florida in the first quarter of 2015.
Miller Bearings is one of the leading independent distributors in the state of Florida for industrial MRO products, including bearings, power transmission products, fluid power, electrical and automation components, as well as safety and industrial supplies. Miller’s customers represent a broad cross-section of industries in the state, which are presently being served from 17 locations.
According to William “Bill” Bieberbach, President and CEO of Miller Bearings, “Miller has been in business for 67 years, employing more than 130 people. We are very excited to become part of Motion Industries and the opportunities for growth that will be available to our talented team.”
Tim Breen, President and CEO of Motion Industries, stated, "The addition of Miller Bearings better positions Motion Industries for continued growth in the Southeast. We want to welcome all of the Miller Bearings employees to the Motion family and we look forward to the contributions they will make to our Company in the years ahead."
With annual sales of $4.5 billion, Motion Industries is a leading industrial parts distributor of bearings, mechanical power transmission, electrical and industrial automation, hydraulic and industrial hose, hydraulic and pneumatic components, industrial products,
safety products, and material handling. Motion Industries has over 550 operations including 15 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.