RBC Bearings Incorporated Announces Acquisition Of Specline, Inc. For $18.7M
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RBC Bearings Incorporated (NYSE:RBC) has announced the acquisition of the business assets of Specline, Inc., a manufacturer of precision bearings for the commercial and defense aerospace markets, for $18.7 million. Specline, headquartered in Carson City, Nevada, generated approximately $8.4 million in net sales over the last twelve months.
August 21, 2023 | 12:11 pm
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RBC Bearings Incorporated has acquired Specline, Inc., a manufacturer of precision bearings, for $18.7 million. This acquisition could potentially increase RBC's product offering and production capacity.
The acquisition of Specline, a company that generated $8.4 million in net sales over the last year, could potentially increase RBC's product offering and production capacity. This could lead to increased revenues and profitability for RBC, which could positively impact its stock price in the short term.
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