Motion Industries Announces Agreement to Acquire Lake Erie Abrasive & Tool
Motion Industries has acquired Lake Erie Abrasive & Tool
Motion Industries, Inc. recently entered into an agreement to acquire Lake Erie Abrasive & Tool (LEA&T) (Euclid, OH). LEA&T specializes in custom-designed abrasive systems as well as distribution of quality abrasive products, tools and related machinery.
“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, stated:
“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. 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.”
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