RBC Bearings Incorporated (ROLL - Free Report) 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 Constellium N.V (CSTM - Free Report) , Forbes Energy Services Ltd. and Kaiser Aluminum Corporation (KALU - Free Report) . All these stocks carry a Zacks Rank #2 (Buy).