RBC Bearings Incorporated (NASDAQ: ROLL), a leading international manufacturer of highly-engineered precision plain, roller and ball bearings for the industrial, defense and aerospace industries, said Monday that it has acquired Western Precision Aero LLC (“WPA”) for approximately $2.6 million.
WPA located in Garden Grove, California, is a manufacturer of precision components and gears for the aerospace and industrial markets. WPA’s net sales for the last calendar year were approximately $5.0 million.
Dr. Michael J. Hartnett, Chairman and Chief Executive Officer, commented, “The addition of WPA’s unique and complimentary products and processes to our portfolio of highly engineered products increases the breadth of our current offering to customers. The acquisition is in line with our strategy of product portfolio expansion into the aerospace and industrial markets."
About RBC Bearings
RBC Bearings Incorporated is an international manufacturer and marketer of highly engineered precision bearings and components. Founded in 1919, the Company is primarily focused on producing highly technical or regulated bearing products requiring sophisticated design, testing, and manufacturing capabilities for the diversified industrial, aerospace and defense markets. Headquartered in Oxford, Connecticut, RBC Bearings currently employs approximately 2,152 people and operates 24 manufacturing facilities in four countries.
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