Acquisition expands Solve’s power transmission components product offering.
CHARLOTTE, N.C., June 8, 2022 – Solve Industrial Motion Group (“Solve”) has acquired MasterDrive, Inc., a major supplier and manufacturer of sheaves, belts, timing pulleys, and couplings that benefit a broad range 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, positioning Solve as a one-stop resource for their customers’ power transmission needs.
“MasterDrive shares our passion for solving customers’ challenges,” said Lisa Mitchell, CEO of Solve Industrial Motion Group. “Whether it’s 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, Wisconsin, 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.
“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’ll be able to offer more products, resources and services to our customers. It’s a win-win for everyone.”
About Solve Industrial Motion Group
Headquartered in Charlotte, North Carolina, Solve Industrial Motion Group manufactures and sells bearings and power transmission component parts to multiple industrial markets. Solve’s portfolio includes P.T. International, IPTCI Bearings, LMS Bearings, Tritan Precision Power Transmission Components, SST Bearing Corporation and MasterDrive, Inc. Solve offers over 50,000 product SKUs from 10 regional distribution centers.
About MasterDrive, Inc.
Founded in 1998, MasterDrive, Inc. is a major supplier and manufacturer of single and multi-groove sheaves, belts, timing pulleys, and couplings that support a broad range of industries. Based in Fort Atkinson, Wisconsin, MasterDrive has 9,000 product SKUs and distributes to domestic and international customers from 12 stocking locations.