Motion Industries Acquires Lake Erie Abrasives & Tool
LEA&T specializes in custom-designed abrasive systems and distributes abrasive products, tools and related machinery.
Posted: September 8, 2015
Effective August 21, Motion Industries, Inc. (Birmingham, AL) a wholly-owned subsidiary of Genuine Parts Company, entered into a definitive agreement to acquire Lake Erie Abrasive & Tool Company, Inc. (LEA&T; Euclid, OH). Consummation of the transaction is expected to take place in early September 2015.
LEA&T specializes in custom-designed abrasive systems as well as distribution of quality abrasive products, tools and related machinery. The Euclid location, as well as its two locations in Greer, SC, and Howell, MI, serve shops in a broad cross-section of industries operating in those geographic areas and beyond.
“We are very excited to become part of Motion Industries and to be able to leverage the added strength that their brand provides,” said Allen Howell, the president of LEA&T. “It will be a good fit with customer relationships, which for both companies are built on a platform of trust, performance, and satisfaction.”
Tim Breen, the president and chief executive officer of Motion Industries, stated, “We are thrilled about gaining their technical expertise in the abrasives category, which will help broaden our services even more in this product area. We want to welcome all of their employees to our family and we look forward to the contributions they will make to our vompany in the years to come.”
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