Solve Industrial Motion Group has acquired MasterDrive, Inc., a supplier and manufacturer of sheaves, belts, timing pulleys and couplings for a variety of industrial applications.
The addition of MasterDrive further expands Solve's product offering and availability of power transmission drive components. "The acquisition complements Solve's recent additions of Bearings Limited and SST Bearing Corporation, expanding its bearings product offerings and positioning Solve as a one-stop resource for its customers' power transmission needs," said a company spokesperson.
"MasterDrive shares our passion for solving customers' challenges," said Lisa Mitchell, CEO of Solve Industrial Motion Group. "Whether it is finding the right part for an application or finding the right part in-stock, this furthers our quest to be the go-to resource for power transmission products."
"Based in Fort Atkinson, WI, MasterDrive has strategically expanded its portfolio to more than 9,000 SKUs, added warehouse space and increased its distribution during its nearly 25-year history. Since 1998, MasterDrive has offered high-quality products, inventory and customer service by relying on exacting standards for raw materials and a leading Quality Management System," said the spokesperson.
"We have proudly served our industrial distribution partners and customers in the power transmission market," said Terry Schroeder, President of MasterDrive. "By joining Solve, we will be able to offer more products, resources and services to our customers. It is a win-win for everyone."
For more information contact:
Solve Industrial Motion Group
1817 Westinghouse Blvd.
Charlotte, NC 28273
800-763-4434
www.solveindustrial.com
MasterDrive, Inc.
701 Highland Ave.
P.O. Box 157
Fort Atkinson, WI 53538
888-922-8767
www.masterdrives.com