Solve Industrial Motion Group Expands with D&D Global Acquisition
Solve Industrial Motion Group has successfully acquired D&D Global, a prominent provider of power drive belts. This strategic move enhances Solve's capabilities in the engineering and manufacturing sector.
About the Acquisition
D&D Global has been a well-respected name in the manufacturing industry for over two decades. With four operational locations, D&D specializes in producing a variety of power drive belts, including V-belts and timing belts, with an impressive catalog of over 35,000 different configurations.
Insights from Leadership
Ernie Lauber, CEO of Solve, expressed his enthusiasm about the acquisition, stating, "The D&D acquisition expands Solve's rapidly growing manufacturing capabilities. D&D's belts are some of the most high performing in the industry, and I'm excited they are now part of the Solve family." This acquisition aligns with Solve's vision for the company as they continue to solidify their place in the power transmission market.
Barry Emmelkamp, COO of D&D Global, noted how this transition presents a fantastic opportunity for D&D. He remarked, "Solve's platform is the perfect place to continue the growth of D&D." The collaborative potential between the two firms is immense as they work toward becoming market leaders.
Background on Solve Industrial Motion Group
Founded in 2020, Solve Industrial Motion Group combines the strengths of several established brands including PTI, IPTCI, and LMS. Since its inception, Solve has made significant strides in the market, completing multiple acquisitions that now number 11 brands under its umbrella.
Current Operations and Future Outlook
Solve operates as a full-service solutions provider, offering custom engineered solutions supported by an extensive network throughout North America. This continuous growth positions Solve as a leader in bearings and power transmission, ready to meet diverse customer needs.
Overview of D&D Global
Founded in 2005, D&D Global is headquartered in Rock Valley, Iowa. Specializing in power drive belts, D&D Global has established a reputation for quality and variety, serving a wide array of industries. Their extensive product range ensures that they meet the demands of various applications.
A Bright Future Ahead
The acquisition of D&D Global represents a significant milestone for Solve Industrial Motion Group. By integrating D&D's high-quality products and manufacturing expertise, Solve is poised to deliver even more comprehensive solutions to its customers, reinforcing its commitment to innovation and growth.
Frequently Asked Questions
What is the primary reason for Solve's acquisition of D&D Global?
The acquisition aims to enhance Solve Industrial Motion Group's manufacturing capabilities in power drive belts, integrating D&D's expertise and product offerings.
How has D&D Global been performing in the manufacturing industry?
D&D Global has been operating successfully for over 20 years, specializing in high-quality power drive belts with a wide range of configurations.
What can customers expect from Solve after this acquisition?
Customers can anticipate expanded product offerings and improved solutions, leveraging D&D's experience and high-performing belts as part of Solve's comprehensive solutions.
What are the future plans for Solve Industrial Motion Group?
Solve plans to continue growing through strategic acquisitions and by enhancing its product portfolio to better serve diverse industries.
How does this acquisition impact D&D Global's business operations?
This acquisition provides D&D Global an opportunity to leverage Solve's platform for growth, allowing them to reach new markets with their extensive range of power drive belts.
