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Home » SKF Agrees to Buy PEER Bearing

SKF Agrees to Buy PEER Bearing

By    MDM  Staff 
June 26, 2008
More about:  Industrial,  Mergers/Acquisitions,  PT/Motion Control/Fluid Power
Swedish manufacturer SKF has agreed to acquire Waukegan, IL-based PEER Bearing Company and its manufacturing operations in Thailand and China. PEER will continue to operate as a standalone business.
 
PEER manufactures deep-groove ball bearing and tapered roller bearings. In 2007, PEER had about 1,400 employees and sales of about $100 million.
 
SKF is a manufacturer of industrial and automotive materials, including rolling bearings, seals, mechatronics and lubrication systems, with 110 manufacturing sites worldwide. In 2007, sales were SEK 58.6 billion (US$9.8 billion at current exchange ...
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Swedish manufacturer SKF has agreed to acquire Waukegan, IL-based PEER Bearing Company and its manufacturing operations in Thailand and China. PEER will continue to operate as a standalone business.
 
PEER manufactures deep-groove ball bearing and tapered roller bearings. In 2007, PEER had about 1,400 employees and sales of about $100 million.
 
SKF is a manufacturer of industrial and automotive materials, including rolling bearings, seals, mechatronics and lubrication systems, with 110 manufacturing sites worldwide. In 2007, sales were SEK 58.6 billion (US$9.8 billion at current exchange rate).
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