Swedish manufacturer SKF has agreed to acquire Waukegan, IL-based PEER Bearing Company and its manufacturing operations in Thailand and China. PEER will continue to operate as a standalone business.
PEER manufactures deep-groove ball bearing and tapered roller bearings. In 2007, PEER had about 1,400 employees and sales of about $100 million.
SKF is a manufacturer of industrial and automotive materials, including rolling bearings, seals, mechatronics and lubrication systems, with 110 manufacturing sites worldwide. In 2007, sales were SEK 58.6 billion (US$9.8 billion at current exchange rate).
SKF Agrees to Buy PEER Bearing
Swedish manufacturer SKF has agreed to acquire Waukegan, IL-based PEER Bearing Company and its manufacturing operations in Thailand and China. PEER will continue to operate as a standalone business.
PEER manufactures deep-groove ball bearing and tapered roller bearings. In 2007, PEER had about 1,400 employees and sales of about $100 million.
SKF is a manufacturer of industrial and automotive materials, including rolling bearings, seals, mechatronics and lubrication systems, with 110 manufacturing sites worldwide. In 2007, sales were SEK 58.6 billion (US$9.8 billion at current exchange ...
PEER manufactures deep-groove ball bearing and tapered roller bearings. In 2007, PEER had about 1,400 employees and sales of about $100 million.
SKF is a manufacturer of industrial and automotive materials, including rolling bearings, seals, mechatronics and lubrication systems, with 110 manufacturing sites worldwide. In 2007, sales were SEK 58.6 billion (US$9.8 billion at current exchange ...
Share this article
About the Author
Recommended Reading
Leave a Reply
Log In
Read the latest articles and see your reports.
Popular Now
MDM Directories
Sign Up for the MDM Update Newsletter
The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.
