RBC Bearings Incorporated (NYSE:RBC) has acquired the business assets of Specline Inc, a manufacturer of precision bearings for the commercial and defense aerospace markets, for $18.7 million.
Founded in 1970 and headquartered in Carson City, Nevada, Specline has a diverse aerospace customer base and employs 38 professionals.
The business produces standard and custom configuration precision spherical bearings, rod ends and journal bearings.
Specline generated approximately $8.4 million in net sales over the last twelve months.
“The addition of Specline’s unique bearing and manufacturing processes increases the breadth of our aerospace product offering and enhances our production capacity,” said Chairman and CEO Michael J. Hartnett.
RBC Bearings held $56.7 million in cash and equivalents as of July 1, 2023.
Price Action: RBC shares traded higher by 0.18% at $219.49 on the last check Monday.
