John Crane, Morton Grove, IL, a division of global technology business Smiths Group, acquired Orion Corporation, a Grafton, WI-based designer and manufacturer of hydrodynamic bearings for energy and general industrial markets.
Orion designs and manufactures hydrodynamic bearings for high speed turbine, generator, compressor and gear drive applications for the power generation, oil and gas and general industrial markets. It reported sales of about $50 million for fiscal year 2008. The acquisition complements and extends John Crane Bearing Technology.
John Crane designs and manufactures seals and associated products mainly for the oil & gas, chemical, pharmaceutical, pulp & paper and mining sectors.