Motion Industries Announces Agreement to Acquire Miller Bearings, Inc.

BIRMINGHAM, Ala. (Jan. 14, 2015) –Motion Industries, Inc., a wholly owned subsidiary of Genuine Parts Company, has entered into a definitive agreement whereby Motion Industries has agreed to acquire Miller Bearings, Inc., headquartered in Orlando, Florida, in the first quarter of 2015. Miller Bearings is an independent distributor in the state of Florida for industrial (maintenance, repair and operations) MRO products, including bearings, power transmission products, fluid power, electrical and automation components, as well as safety and industrial supplies. Miller’s customers represent a broad cross section of industries in the state, which are presently being served from 17 locations.

“Miller has been in business for 67 years, employing more than 130 people,” said William “Bill” Bieberbach, president and CEO of Miller Bearings. “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, president and CEO of Motion Industries, added, “The addition of Miller Bearings better positions Motion Industries for continued growth in the Southeast. 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.” Motion Industries is an industrial parts distributor of bearings, mechanical power transmission, electrical and industrial automation, hydraulic and industrial hose, hydraulic and pneumatic components, industrial products, safety products, and material handling.