Los Angeles-based VACCO is a manufacturer of vales, manifolds, regulators, filters and other precision components and subsystems for the space and naval defense channels.
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RBC is buying the manufacturer of precision bearings for the commercial and defense aerospace markets for $18.7 million.
The company said that Aerospace/Defense sales were up 21.2%, while Industrial sales were up 4.7%.
After three quarters in fiscal 2023, the bearings manufacturer has surpassed $1 billion in net sales, according to an earnings announcement.
The company reported fiscal 2023 second-quarter net sales of $369.2 million, and increase of 129.4% over last year.
The company reported fiscal 2022 fourth-quarter net sales of $358.9 million and gross margin of $137.5 million.
RBC Bearings Inc. reported fiscal 2022 third-quarter net sales of $267 million, while organic net sales were up 7.6% over last year.
International manufacturer of engineered precision bearings reported fiscal 2Q net sales were 10% higher than the same period a year ago.
