Industrial parts distributor Motion Industries Inc. has agreed to purchase Orlando, Fla.-based Miller Bearings, whose products include motors for the HVAC market. Terms were not disclosed.
Tim Breen, president and CEO of Motion Industries, said the acquisition will position the company for growth.
“The addition of Miller Bearings better positions Motion Industries for continued growth in the Southeast,” he said. “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.”
Miller Bearings President and CEO Bill Bieberbach said he is looking forward to becoming a part of Motion Industries.
“Miller has been in business for 67 years, employing more than 130 people,” he said. “We are very excited to become part of Motion Industries and the opportunities for growth that will be available to our talented team.”