RBC Bearings acquires two Georgia manufacturers

RBC Bearings Incorporated, a leading international manufacturer of highly engineered precision plain, roller and ball bearings for the industrial, defense and aerospace industries, announced that it has acquired the assets of A.I.D. Corporation and BEMD Inc. for approximately $5.9 million in cash and the assumption of certain liabilities.

AID and BEMD, located in Clayton and Canton, Ga., respectively, manufacture integrated bearing assemblies and aircraft components for the commercial and defense aerospace markets. The two companies generated combined revenues of approximately $12.0 million for the year ended December 31, 2007.

Dr. Michael J. Hartnett, RBC chairman and chief executive officer, commented, "We are very pleased to close our third acquisition of fiscal 2008. The addition of AID/BEMD expands our product offering to the worldwide airframe and defense industries. These products are complimentary to RBC Bearings' existing offering and broaden the value we deliver to the market place. We are confident that both companies will contribute immediately to shareholder value and will be good partners in the years ahead."

Headquartered in Oxford, Conn., RBC Bearings currently employs approximately 2,045 people and operates 20 manufacturing facilities in four countries.