The 2020 Mid-Year Economic Update_long

RBC Bearings to Acquire Sargent Aerospace & Defense

Acquisition complements company's processes and expertise.

Bearings manufacturer RBC Bearings Inc. (NASDAQ: ROLL), Oxford, CT, has agreed to acquire Sargent Aerospace & Defense, a subsidiary of Dover Corp. (NYSE: DOV), for $500 million. The transaction is expected to close in the second quarter of 2015.

Based in Tucson, AZ, Sargent manufactures, sells and services hydraulic valves and actuators, specialty bearings, specialty fasteners, seal rings and alignment joints, and precision components. Annual sales are approximately $195 million and the company has over 750 employees in six facilities in three countries.

"Sargent supplies highly engineered products to a customer base that we know well and serve daily," said Dr. Michael J. Hartnett, president and CEO of RBC Bearings. "Their manufacturing processes and design expertise align very well with and complement those of RBC Bearings." 

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

0

articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.