RBC Bearings Acquires Precision Industrial
By Bearing Manufacturer>Bearing News>RBC Bearings Acquires Precision Industrial
OXFORD, Conn. - RBC Bearings Inc., which makes ball bearings, said Monday it completed its acquisition of Precision Industrial Components LLC for $6.6 million in cash.F T
RBC will also assume some of Precision Industrial's liabilities.
Precision Industrial is based in Middlebury, Conn., and makes components for the motion control industry.
The acquisition allows RBC to offer a wider array of products to customers, the Oxford-based company said.
Shares were unchanged in aftermarket electronic trading, from their regular session close at $36.49.