(November 3, 2011)

Two long-time employees of power transmission/bearing distributor Alaska Bearing Corp. have bought the business as ABCO LLC, according to a news release from IDC-USA, of which Alaska Bearing is an owner. Brian Leach and Larry Larson are now the new owners.

The company will continue operating under the name Alaska Bearing and will maintain its current location in Anchorage, retaining all staff and product lines.

"Over the years, Brian Leach and Larry Larson have worked extremely hard at Alaska Bearing so it is gratifying to see them take ownership of the company. This exemplifies a satisfying succession plan for independent distributors," said Jack L. Bailey, president & CEO of IDC-USA.

Other News:
General Bearing Corporation Releases Results for the Third Quarter
Two Employees Buy Alaska Bearing Corp.
NKE Joins Research Association Power Transmission Engineering FVA
Metallized Carbon Corporation Announces Carbon-Graphite Ball Valve Seat for Valves Handling Hot Liquids or Gases
James Han Appointed President of Wärtsilä in China
Timken Declares Quarterly Dividend
ZKL NEW FORCE in year 2012
SKF Cooperates with European Commission on Antitrust Inquiries