Motion Industries acquires Lake Erie Abrasive & Tool
Effective August 21, Motion Industries, Inc. a wholly owned subsidiary of Genuine Parts Company, entered into a definitive agreement to acquire Lake Erie Abrasive & Tool (LEA&T), headquartered in Euclid, Ohio. Consummation of the transaction was expected to take place in early September 2015.
LEA&T specializes in custom-designed abrasive systems as well as distribution of quality abrasive products, tools and related machinery. LEA&T’s Euclid location as well as its two locations in Greer, South Carolina, and Howell, Michigan, serve customers in a broad cross-section of industries in those geographic areas and beyond.