Genuine Parts Company Completes Acquisition of BC Bearing

Resource from: CBCC Likes:2938

Mar 03,2010

Genuine Parts Company (NYSE: GPC) announced today that its Industrial Parts Group, Motion Industries, has completed the acquisition of the North American assets of BC Bearing (BC Bearing and US Bearings), effective March 1, 2010. The Company had previously announced the pending agreement to acquire these assets on December 21, 2009. The Company will no longer be acquiring the assets of Norcan Fluid Power. (Logo: http://www.newscom.com/cgi-bin/prnh/20081002/CLTH108LOGO ) BC Bearing, headquartered in Vancouver, British Columbia, is a bearing and power transmission distributor with operations throughout western Canada and the northwestern U.S. The Company expects the acquired business to generate annual revenues of approximately $155 million (CDN).

()

【CBCC News Statement】
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.

Add to My Favorites

[Close the window]

Previous Linear Bearings Offer Higher Performance and Lower Noise
Next Minebea's 6-Axis Force Sensors Adopted into Activelink Co., Ltd.'s Power Amplification Robot "Power Loader"

BRIEF INTRODUCTION

Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.

Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.

China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.