BC Bearings acquires hydraulics company
Burnaby, BC -- The BC Bearing Group, Burnaby, B.C., has acquired Norcan Fluid Power Ltd., a hydraulic technology co...
Burnaby, BC — The BC Bearing Group, Burnaby, B.C., has acquired Norcan Fluid Power Ltd., a hydraulic technology company based in Richmond, B.C.
The principals of Norcan, Sven Halle and Vince McNaught, launched their company in 1974. It provides service and expertise to resource sector industry clients in the design, installation and repair of hydraulic technology.
The company employs about 100 people at seven locations in three western provinces and has annual revenues of about $33 million.
The sale was expected to be finalized May 1, 2005. Future acquisitions in Canada are likely, BC Bearing Group chairman Wendy McDonald said.