“Our strategy in the aerospace segment is to strengthen our leadership in our core competencies within bearings and seals and to further develop our composite technology. The divestment of our metallic rods portfolio to Precision Castparts Corp. supports this strategy. Their focus on complex metal components for the aerospace segment makes this a good fit,” says Stephane Le-Mounier, a director at SKF Aerospace.
The sale affects around 230 employees in France and around 25 in the US.
SKF Aerospace provides highly engineered, customized solutions to aircraft, helicopter, engine, and system manufacturers, including main-shaft and transmission bearings, seals and precision elastomeric devices.