RBC Bearings Incorporated
) recently announced the acquisition of San Diego, Calif.-based
Turbine Components Inc. for about $3.9 million.
Turbine Components specializes in overhaul and repair of
turbine component parts. The company offers products and services
like brazing loading, argon chamber welding, manufacturing,
robotic plasma spray, nozzle patch repairs and vacuum furnace.
The company reported $4.0 million in revenues in 2012.
The acquisition of Turbine Components complements the existing
engineered aircraft engine products portfolio of RBC Bearings and
is likely to expand its market share.
In the first quarter of fiscal 2014, RBC Bearings' aircraft
and defense business recorded a 22.2% year-over-year growth in
revenues, on the back of improved worldwide commercial aircraft
activities. With the successful integration of Turbine
Components, the aircraft and defense business is further expected
to augment its revenues in the coming quarters.
Over the years, RBC Bearings has exhibited a strong inorganic
growth. In Aug 2013, the company acquired Climax Metal Products
Company for $13.6 million. Since Oct 1992, RBC Bearings has made
20 accretive acquisitions across the verticals. Some of the
notable acquisitions include Lubron, PIC Design, A.I.D. Company
and BEMD Company.
Headquartered in Oxford, Conn., RBC Bearings manufacturers and
distributes plain, roller and ball bearings. These bearings
reduce damage and energy loss and smoothens proper power
transmission in the majority of machine and mechanical systems.
The company has its operations in the U.S., Mexico, France,
Switzerland, China and England.
RBC Bearings currently carries a Zacks Rank #3 (Hold). Other
stocks in the industry worth reckoning include
Forbes Energy Services Ltd.
Kaiser Aluminum Corporation
). All these stocks carry a Zacks Rank #2 (Buy).
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