Motion Industries Acquires Miller Bearings
This MRO addition strategically positions Motion for continued growth in the Southeast U.S.
Posted: January 20, 2015
Motion Industries, Inc. (Birmingham, AL) a wholly-owned subsidiary of Genuine Parts Company, has entered into a definitive agreement whereby Motion Industries has agreed to acquire Miller Bearings, Inc. (Orlando, FL) 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. Their customers represent a broad cross-section of industries in the state, which are presently being served from 17 locations.
According to William “Bill” Bieberbach, the president and the chief executive officer of Miller Bearings, “We have 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, the president and the chief executive officer of Motion Industries, stated, “The addition of Miller Bearings better positions us for continued growth in the Southeast. We want to welcome all of their employees to our family and we look forward to the contributions they will make to our company in the years ahead.”
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