In late August, Motion Industries, Inc., a wholly owned subsidiary of Genuine Parts Company, acquired Lake Erie Abrasive & Tool (LEA&T), headquartered in Euclid, Ohio. 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 abrasive products, tools and related machinery. LEA&T's Euclid location as well as its two locations in Greer, S.C., and Howell, Mich., serve customers in a broad cross-section of industries.
"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. "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, president and CEO of Motion Industries, said: "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."