RBC Bearings Inc. (Nasdaq: ROLL), Oxford, CT, plans to consolidate and restructure its large bearing manufacturing facilities.
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Starting in March, the company will discontinue manufacturing large bearings in Houston, TX, and will consolidate the manufacturing into other RBC manufacturing facilities, mainly its South Carolina operation.
The consolidation will strengthen and bring to critical mass the efficiency of RBC’s large bearing manufacturing operations. This consolidation will result in a pre-tax charge of approximately $7.7 million and an after-tax charge of approximately $5.5 million in the fourth quarter of fiscal 2013.
RBC Bearings is a manufacturer of highly-engineered precision plain, roller and ball bearings for the industrial, defense and aerospace industries, operating 23 manufacturing facilities in four countries.