Purvis Industries acquires PTE Drives
Effective April 15, Purvis Industries acquired substantially all the assets, brand rights, websites, personnel, and intellectual property of PTE Drives, a family-owned and operated industrial distributor that operates a single branch in Akron, Ohio.
PTE Drives is a full-line industrial distributor with bearings & power transmission, electrical and automation, conveyors and conveyor components, and gearing and gear motors. They focus on local inventory and technical product knowledge to serve their customer base in the surrounding northeastern Ohio and western Pennsylvania area.
“We are very excited to join the Purvis family. We have been focused on product expertise and a traditional distributor model of local stock, service, and support for our entire existence," said PTE Drives President Ralph Funk. "The addition of Purvis’ support and engineered services will allow us to assist our customers in more ways than ever before.”
Purvis Industries Executive Vice President and COO Jeremiah Johnson added “We’re glad to welcome PTE Drives to the Purvis Industries family. We are always looking to partner with distributors that want to serve their customers the right way – through knowledge, relationships, and constant support throughout the relationship.”
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
