Solve Industrial Motion Group Expands Portfolio with B&B Manufacturing Acquisition

Solve Industrial Motion Group, a renowned leader in engineered bearings and power transmission solutions, has announced a significant development in its growth strategy with the acquisition of B&B Manufacturing. This move is expected to bolster the company's capabilities as a provider of comprehensive drive train solutions.

About B&B Manufacturing

Founded 27 years ago, B&B Manufacturing is based in La Porte, Indiana, and specializes in power transmission and precision mechanical components. The company operates from multiple locations and has cemented its position as the largest manufacturer of synchronous drive pulleys in North America. Their product line includes timing pulleys, synchronous belts, v-belt sheaves, taper bushings, idlers, and roller chain sprockets.

The acquisition also brings along B&B Manufacturing's two subsidiary companies, Diversified Specialties and JJC Associates, further diversifying the product offerings available under Solve's umbrella.

Strategic Benefits

Ernie Lauber, CEO of Solve, expressed enthusiasm about the acquisition, emphasizing the enhancement of domestic manufacturing capabilities. This incorporation aims to transform Solve into a full-spectrum provider of drive train solutions. Lauber noted that customers would benefit significantly from B&B's established manufacturing processes, promising improved lead times and tailored solutions for their needs.

Bob Hamilton, founder of B&B Manufacturing, echoed this sentiment. Hamilton highlighted the exciting prospects that this acquisition presents for both companies, looking forward to capitalizing on Solve's robust platform for accelerated growth and innovation.

Evolving Solutions Landscape

Since its inception in 2020, Solve Industrial Motion Group has been on an ambitious trajectory, bringing together the PTI, IPTCI, and LMS brands under one roof. Over the past few years, Solve has strategically acquired six companies, amplifying its influence in the bearings and power transmission segment. With this latest acquisition, the company continues to position itself as a comprehensive solutions provider within the industry.

BB Manufacturing offers an impressive 150,000 square-foot facility, allowing for the production of thousands of both standard and custom mechanical components tailored to meet the demands of distributors and original equipment manufacturers (OEMs).

As the demand for reliable and efficient power transmission solutions escalates, Solve’s recent acquisition underscores its commitment to excellence and growth. The integration of B&B’s capabilities is anticipated to not only enhance existing customer relationships but also attract new clients seeking innovative solutions.

Conclusion

The acquisition of B&B Manufacturing marks a pivotal chapter in the narrative of Solve Industrial Motion Group. By enhancing its domestic manufacturing capabilities, Solve is not just expanding its product portfolio but also reinforcing its commitment to serving its customers more effectively. This strategic merger stands to create synergies that will ultimately benefit clients and set the stage for future achievements in the power transmission industry.