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 that it has acquired the net assets and business of Turbine Components Inc. (“TCI”) for approximately $3.9 million.
TCI located in San Diego, California, is an FAA certified aircraft gas turbine repair station and manufacturer of precision components for the aerospace markets. TCI’s net sales for the last calendar year were approximately $4.0 million.
Dr. Michael J. Hartnett, Chairman and Chief Executive Officer, commented, “The addition of TCI’s unique manufacturing and repair processes to our portfolio of highly engineered aircraft engine products increases the breadth of our current product and service offering. The acquisition is in line with our strategy of product portfolio expansion into the aerospace markets, and more specifically aircraft engines."
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 2,246 people and operates 25 manufacturing facilities in four countries.
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