Rexnord Buys Micro Precision Gear Technology

(RTTNews) - Rexnord (RXN) Friday said it has acquired the assets of Micro Precision Gear Technology Ltd, a UK-based manufacturer of specialty precision gears for the aerospace industry.

Micro-Precision has 85 employees and annual sales of about $14 million.

Darryl Mayhorn, President, Rexnord Aerospace, said "The combination of the two companies provides the ability to bring additional content to our existing aerospace customers, while building on Micro-Precision's customer relationships. Together we offer an expanded portfolio of mission-critical, highly efficient aerospace components, sub-assemblies and services."