Home » RBC Bearings Acquires AID Corp. & BEMD Inc.
RBC Bearings Acquires AID Corp. & BEMD Inc.
March 12, 2008
RBC Bearings Inc., Oxford, CT, manufacturer of precision plain, roller and ball bearings for the industrial, defense and aerospace industries, has acquired A.I.D. Corporation and BEMD, Inc. for $5.9 million in cash and assumed liabilities.
AID/BEMD, in Clayton and Canton, GA, respectively, manufacture integrated bearing assemblies and aircraft components for the commercial and defense aerospace markets. The two companies generated combined revenues of $12 million for the year ended Dec. 31, 2007.
RBC Bearings operates 20 manufacturing facilities in four countries.