Home » RBC Bearings Buys Precision Industrial Components
RBC Bearings Buys Precision Industrial Components
June 9, 2008
RBC Bearings Inc., Oxford, CT, international manufacturer of highly-engineered precision plain, roller and ball bearings for the industrial, defense and aerospace industries, has acquired Precision Industrial Components LLC (PIC Design), Middlebury, CT, for $6.6 million in cash and assumption of debt.
PIC Design is a manufacturer and supplier of tight-tolerance, precision mechanical components for use in the motion control industry. PIC Design has over 20,000 active customers and generated revenues of $10 million for the year ended Dec. 31, 2007.
RBC Bearings operates 22 manufacturing facilities in four countries.