Oxford, CT - RBC Bearings Incorporated announced that it has acquired Climax Metal Products Company for approximately $13.6 million.
CMP located in Mentor, Ohio, is a manufacturer of precision shaft collars, rigid couplings, keyless locking devices, and bearings for the industrial markets. CMP’s net sales for the last calendar year were approximately $14.1 million.
“The addition of Climax Metal Products Company supports our long term growth strategy as we continue to expand and complement our existing product portfolio, customer base and distribution channels,” said Dr. Michael J. Hartnett, Chairman and Chief Executive Officer.
