RBC Bearings Completes Acquisition Of Climax Metal Products - Quick Facts

(RTTNews) - RBC Bearings Inc. (ROLL) said Friday it has acquired Climax Metal Products Co. for about $13.6 million.

Climax Metal, based in Mentor, Ohio, is a maker of precision shaft collars, rigid couplings, keyless locking devices, and bearings for the industrial markets. In the last calendar year, the company generated net sales of nearly $14.1 million.

"The addition of Climax Metal Products Company supports our long term growth strategy as we continue to expand and complement our existing product portfolio, customer base and distribution channels," said CEO Michael Hartnett.

Oxford, Connecticut-based RBC Bearings makes highly-engineered precision plain, roller and ball bearings for the industrial, defense and aerospace industries.