BNL UK Ltd. Acquires Injection-Moulding Company Cobb Slater Ltd.
BNL UK Ltd. has acquired UK-based Cobb Slater Ltd. expanding its worldwide expertise in thermoplastic ball bearing assemblies and technical mouldings. BNL UK Ltd. is a leading designer and manufacturer of innovative plastic bearing solutions and maintains a subsidiary here, in the United States.
“This acquisition is part of BNL’s global strategy to strengthen our product and service offerings to our customers by providing innovative thermoplastic bearing assemblies and specialty technical mouldings,” said Terry Holmes, Vice President, BNL Global Sales. “The addition of Cobb Slater enhances the product range and services that can be offered to customers particularly those in bath and shower-related markets,” he said. US-based customers currently account for approximately one-third of the company’s total business.
The acquisition forms part of the company’s intention to continue the robust double-digit organic growth that BNL has experienced in the last few years.
“We want to accelerate our growth both organically and through acquisitions,” Holmes continued. “The addition of the Cobb Slater portfolio to BNL’s already extensive range of products and services gives us additional traction in key industries and allows us to expand our footprint and increase our production capacity,” he said.
About BNL
BNL specializes in the design and manufacture of innovative plastic bearing assemblies and technical moulding solutions that offer many advantages over traditional steel bearings, including anti-static properties, low friction, corrosion and chemical resistance, reduced weight and inertia and no requirement for lubrication. In addition, the company’s dedicated in-house design team promotes added value through integrating other features such as axles, precision gears, fixing clips, mounting flanges and pulleys in order to form fully-integrated bearing assemblies that maximize functionality and deliver whole system cost reductions.
Headquartered in the United Kingdom, BNL maintains subsidiaries in Foxboro, Massachusetts (BNL USA Inc.) and Tokyo, Japan (BNL Japan Inc.).
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