RBC Bearings Incorporated (Nasdaq: ROLL), a leading international manufacturer of highly-engineered precision plain, roller and ball bearings for the industrial, defense, and aerospace industries, today announced its plans to consolidate and restructure its large bearing manufacturing facilities.
In March 2013, the Company will discontinue manufacturing large bearings in Houston, Texas and will consolidate the manufacturing into other RBC manufacturing facilities, mainly its South Carolina operation.
The consolidation will serve to strengthen and bring to critical mass the efficiency of our large bearing manufacturing operations and consequently a gross margin improvement for this product offering is planned over the next 12 months. 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.
About RBC Bearings
RBC Bearings Incorporated is an international manufacturer and marketer of highly engineered precision bearings and components. Founded in 1919, the Company is primarily focused on producing highly technical or regulated bearing products requiring sophisticated design, testing, and manufacturing capabilities for the diversified industrial, aerospace, and defense markets. Headquartered in Oxford, Connecticut, RBC Bearings currently employs approximately 2,122 people and operates 23 manufacturing facilities in four countries.
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