RBC Bearings completes purchase of U.S. Bearing
Oxford, CT -- RBC Bearings Inc. has completed an agreement with Networks Electronic Corp. to purchase its U.S. Bear...
Oxford, CT — RBC Bearings Inc. has completed an agreement with Networks Electronic Corp. to purchase its U.S. Bearing business located in Chatsworth, Calif. RBC Bearings is a global manufacturer of highly engineered, precision bearing products for the industrial, aerospace and defence markets.
This acquisition further solidifies RBC’s position as the broadest line supplier of standard and specialty bearings for commercial and military airframe manufacturers and flight control applications.
U.S. Bearing is a manufacturer of commercial and military aerospace, premium-quality self-aligning rod ends, spherical bearings, journals and link assemblies. Since 1954, the company has played a major role in the design and support of plain bearings for airplanes, ground vehicles, helicopters, missiles and satellites.
“This acquisition comes at a very exciting time in our company’s history and continues to complement our broad range of aircraft bearing products, further enhancing our ability to more completely serve the global aircraft industry,” said Michael J. Hartnett, president and CEO of RBC Bearings.
“These products are very similar to those produced by our Heim Bearings Division in Fairfield, Connecticut.” Planning is now underway for a new production facility to accommodate the lines, added Dr. Hartnett.
RBC Bearings is a privately owned company with 17 facilities located throughout North America and Europe, and employs approximately 1,400 worldwide. It was founded in 1919. For more information, call RBC at 1-800-330-3900 or visit www.rbcbearings.com.