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SKF to Acquire General Bearing Corporation

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| General Bearing Corporati

WEST NYACK, NY -- February 13, 2012-- General Bearing Corporation (OTC:GNRL.PK) today announced the signing of an agreement whereby SKF, a Swedish company, will acquire GBC and its subsidiaries, including the interests in its four manufacturing sites in China. The transaction is subject to relevant regulatory and shareholder approvals.

SKF - Wikiped

AB SKF (Swedish: Svenska Kullagerfabriken; 'Swedish Ball Bearing Factory') is a leading bearing and seal manufacturing company founded in Gothenburg, Sweden, in 1907.The company manufactures and supplies bearings, seals, lubrication and lubrication systems, maintenance products, mechatronics products, power transmission products, condition monitoring systems and related services globally.

SKF to Acquire General Bearing Corporati

SKF recently signed an agreement to acquire General Bearing Corporation and its subsidiaries, including interest in four manufacturing sites in China. The transaction is subject to relevant regulatory and shareholder approvals. “We are pleased to be joining the SKF Group and look forward to ...

SKF/Global - Announcements | Product Ne

SKF’s acquisition of New York-based General Bearing Corporation (GBC) has been approved by the relevant authorities in the US and in China and has now closed. SKF pays around USD 125 million on a cash and debt free basis.

General Bearing Corporation – Boenni

General Bearing Corporation (“GBC”)(OTC:GNRL.PK), founded in 1955, manufactures bearings and bearing components through four joint venture plants in China and distributes them out of its headquarters in West Nyack, New York. Estimated 2011 revenue was $155 million.

History - Motion Industri

Motion Industries becomes a public corporation Today’s bearing distributor must know each customer’s business almost as well as his own?It’s a big job but it’s part of our business and we love it. –Caldwell Marks, 1974 Motion Industries acquires: Walmsley Bearing; Buckeye Bearing Company; Hoosier Bearing Company

General Bearing - Robbins Arroyo L

Robbins Umeda LLP Announces an Investigation of General Bearing Corporation Robbins Umeda LLP has commenced an investigation into possible breaches of fiduciary duty and other violations of the law by members of the board of directors of General Bearing Corporation (OTC: GNRL: PK) in connection with their efforts to sell the company to SKF Group.

Zhejiang Mingxing Bearing Co.L

WEST NYACK, N.Y.--(BUSINESS WIRE)--General Bearing Corporation (GBC) (OTC:GNRL.PK) today announced the signing of an agreement whereby SKF, a Swedish company, will acquire GBC and its subsidiaries, including the interests in its four ...

19 April 2012 - investors.skf.c

SKF signed an agreement to acquire the US-based General Bearing Corporation for around USD 125 million on a cash and debt free basis. • SKF received an order worth around SEK 350 million from Vestas for the delivery of main shaft solutions to the Vestas V112-3.0 MW turbine. • SKF was awarded two contracts totaling around SEK 50 million from

SKF Group To Acquire GenerAl BeArinG corporATi

— General Bearing Corporation announced the signing of an agree-ment whereby SKF, a Swedish company, will acquire GBC and its subsidiaries, including the interests in its four manufacturing sites in China. The transaction is subject to relevant regulatory and shareholder approvals.

SKF Group to Acquire General Bearing Corporation .

WEST NYACK, N.Y.--(BUSINESS WIRE)--General Bearing Corporation (GBC) (OTC:GNRL.PK) today announced the signing of an agreement whereby SKF, a Swedish company, will acquire GBC and its subsidiaries ...

General Bearing Corp. (PINK:GNRL) Takeover Under Investor .

San Diego, Feb. 13, 2012 (Shareholders Foundation) -- The announcement by General Bearing Corporation that agreed to by acquired by SKF for $28 per GNRL share prompted an investigation for investors General Bearing Corp. (PINK:GNRL) shares concerning whether the offer to acquire General Bearing Corp. and the buyout process are unfair to investors in General Bearing (GNRL) shares.

Sweden/US: SKF to acquire GBC | Automotive Wor

SKF Group has signed an agreement to acquire US-based bearings manufacturer General Bearing Corporation (GBC). Under the agreement, SKF will acquire GBC and its subsidiaries, including the ...

Kaydon Corporation, including Kaydon Bearings Division .

Gothenburg, Sweden...The SKF Group today announced the successful completion of its all cash tender offer to acquire all outstanding shares of Kaydon Corporation (NYSE:KDN) for USD 35.50 in cash. SKF expects to complete the acquisition of Kaydon later today through a merger under Section 251(h) of the Delaware General Corporation Law.

General Bearing Corporation -- Company Histo

General Bearing in 2000. General Bearing's sales (including World Machinery) came to $64.34 million in 1999 and $59.39 million in 2000. The company attributed the 2000 drop in revenue mainly to a decrease in orders for railroad bearings due to the slowing U.S. economy and to a slump in its machine tool business.

NN, Inc. Acquires Tapered Roller Bearing Compa

JOHNSON CITY, Tenn., June 25, 2014 /PRNewswire/ — NN, Inc. (Nasdaq: NNBR) today announced that it has acquired 79.2% of the outstanding shares of RFK Valjcici Konjic. RFK is a manufacturer of tapered roller bearings with operations in Konjic, Bosnia & Herzegovina. Its products, while complementary to NN’s existing roller bearing products, will broaden the Company’s […]

Bearing Lubrication - Resources And Advi

SKF to Acquire General Bearing Corporation. Noria news wires. Easylube System Integrates Radio Frequency Identification. Noria news wires. Graphalloy Announces 845 Inserts for High-temperature Applications. Noria news wires. Imperial Bearing Installation, Removal and Lubrication.

SKF acquiring US-based General Bearing | Automotive .

SKF said it had signed an agreement to acquire New York-based General Bearing Corporation (GBC) - owner of The General and Hyatt brands - for around US$125m on a cash and debt free basis. related ...

SKF Group To Acquire General Bearing Corporation - Auto .

News February 14, 2012 by CARS Magazine SKF Group To Acquire General Bearing Corporation . General Bearing Corporation (GBC) announced the signing of an agreement whereby SKF, a Swedish company, will acquire GBC and its subsidiaries, including the interests in its four manufacturing sites in China.

US/Sweden: GBC stockholders approve acquisition by SKF .

Stockholders of General Bearing Corporation, a US-based manufacturer of bearings, have approved a deal, whereby Swedish company SKF Group will acquire General Bearing and its subsidiaries. At a ...

Sweden/US: SKF to acquire GBC | Automotive Wor

Sweden/US: SKF to acquire GBC SKF Group has signed an agreement to acquire US-based bearings manufacturer General Bearing Corporation (GBC). Under the agreement, SKF will acquire GBC and its ...