RBC Bearings Acquires Climax Metal Products Company
August 19, 2013
RBC Bearings Incorporated (NASDAQ: ROLL) has acquired Climax Metal Products Company, a Mentor, Ohio-based manufacturer of precision shaft collars, rigid couplings and keyless locking devices. The acquisition (approx. $13.6 million purchase price) expands RBC Bearings' product portfolio, customer base and distribution channels to support long-term growth.
- Buyers
- RBC Bearings Incorporated
- Targets
- Climax Metal Products Company
- Industry
- Manufacturing
- Location
- Ohio, United States
- Transaction Type
- Buyout
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