BIRMINGHAM, Ala. — Aug. 24, 2015 — Motion Industries will close a deal to acquire Lake Erie Abrasive & Tool (LEA&T) in early September, according to a press release.
Headquartered in Euclid, Ohio, LEA&T custom-designs abrasive systems and distributes abrasive products, tools and related machinery, noted the release. LEA&T has two additional locations in Greer, South Carolina, and Howell, Michigan.
“We are very excited to become part of Motion Industries and to be able to leverage the added strength that the company’s brand provides,” said Allen Howell, president of LEA&T, in the release. “It will be a good fit with customer relationships, which for both companies are built on a platform of trust, performance, and satisfaction.”
“We are thrilled about gaining LEA&T’s technical expertise in the abrasives category, which will help broaden Motion Industries’ services even more in this product area," added Tim Breen, president and CEO of Motion Industries. "We want to welcome all LEA&T employees to the Motion family, and we look forward to the contributions they will make to our Company in the years to come.”
Motion Industries is a wholly owned subsidiary of Genuine Parts Company, stated the release. It generates annual sales of $4.8 billion and serves more than 150,000 customers from several industries.
You can find the entire release here.
