RBC Bearings Acquires Precision Bearings Maker Specline For $18.7M
Portfolio Pulse from Shivani Kumaresan
RBC Bearings Incorporated has acquired the business assets of Specline Inc, a manufacturer of precision bearings for the commercial and defense aerospace markets, for $18.7 million. Specline, which generated approximately $8.4 million in net sales over the last twelve months, will enhance RBC's aerospace product offering and production capacity.
August 21, 2023 | 1:58 pm
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RBC Bearings' acquisition of Specline Inc could enhance its product offering and production capacity, potentially leading to increased revenues and market share in the aerospace sector.
The acquisition of Specline, a manufacturer of precision bearings, could enhance RBC Bearings' product portfolio and production capacity. This could potentially lead to increased revenues and market share in the aerospace sector. The news of the acquisition has already had a positive impact on RBC's stock price, which traded higher by 0.18%.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100