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Motion Industries Inc., a wholly owned subsidiary of Genuine Parts Co., recently entered into a definitive agreement to acquire Miller Bearings Inc.
Headquartered in Orlando, Florida, Miller Bearings is one of the leading independent distributors in the state for industrial maintenance, repair and operations (MRO) products, including bearings, power transmission products, fluid power, electrical and automation components, as well as safety and industrial supplies.
"We are very excited to become part of Motion Industries and the opportunities for growth that will be available to our talented team," said William "Bill" Bieberbach, president and CEO of Miller Bearings.
With annual sales of $4.5 billion, Motion Industries is an industrial parts distributor of bearings, mechanical power transmission, electrical and industrial automation, hydraulic and industrial hoses, hydraulic and pneumatic components, industrial products, safety products, and material handling.
"The addition of Miller Bearings better positions Motion Industries for continued growth in the Southeast," said Tim Breen, president and CEO of Motion Industries. "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."
For more information, visit www.motionindustries.com.