RBC Bearings Incorporated is buying Climax Metal Products Company for about $13.6 million, adding a new range of products to its manufacturing capabilities. Connecticut-based RBC produces engineered precision plain, roller and ball bearings for industrial, defense, and aerospace industries; CMP manufactures precision shaft collars, rigid couplings, keyless locking devices, and industrial bearings for the industrial markets.
RBC chairman and CEO Dr. Michael J. Hartnett said the purchase supports a “long-term growth strategy as we continue to expand and complement our existing product portfolio, customer base, and distribution channels.”
RBC Bearings is focused mainly on producing high-tech bearings. Earlier this year it discontinued large-bearing production, and planned to combine two bearings plants.
RBC also acquired Western Precision Aero LLC, a California manufacturer of precision gears and similar products for aerospace and industrial markets.