RBC Bearings Incorporated Announces Acquisition of Specline, Inc.
RBC Bearings Incorporated (NYSE:RBC, RBCP))), a leading international manufacturer of highly engineered precision bearings, components and essential systems for the industrial, defense and aerospace industries, today announced the acquisition of the business assets of Specline, Inc. ("Specline"), a manufacturer of precision bearings for the commercial and defense aerospace markets, for $18.7 million.
Dr. Michael J. Hartnett, Chairman and Chief Executive Officer, commented, "Specline has a proven business model that delivers value to aircraft customers. The addition of Specline's unique bearing and manufacturing processes increases the breadth of our aerospace product offering and enhances
