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Solve Industrial Motion Group Acquires Bearings, Tritan Brand.

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Vincent

MANews-(C)2009-2021

US-based power transmission products maker Solve Industrial Motion Group, a portfolio company of Audax Private Equity, has acquired bearings and power transmission components manufacturer Bearings Ltd., the company said.

Bearings sells products under the Tritan brand.

Headquartered in Hauppauge, N.Y., Bearings Ltd. has an offering of more than 25,000 Tritan products and services customers from six regional locations, including Los Angeles; Chicago; Houston; Atlanta; Columbus, Ohio; and Hauppauge, N.Y.

In 2020, the Solve brand was established, bringing P.T. International in North Carolina, IPTCI Bearings in Minnesota, and LMS Bearings in Colorado together under one umbrella.

Tritan is the fourth brand to join the portfolio.

Solve is a resource for both metric and American standard power transmission products, serving multiple verticals, including food and beverage, material handling equipment, agriculture, automotive, textiles, mining, building products, and pharmaceuticals.

Solve Industrial Motion Group (Solve) manufactures and sells bearings and power transmission component parts for the food and beverage, agriculture, mining, steel, automotive, textiles, wood products, lawn and garden, and pharmaceuticals, among others.

Solve's brand portfolio includes P.T. International, IPTCI Bearings, and LMS Bearings, and represents more than 25,000 products available from five regional stocking locations. Solve Industrial Motion Group is a privately held company based in Charlotte, North Carolina.

Since 1947, Bearings Ltd. has been dedicated to providing...

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