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Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Fri., Mar. 27, 1:14 AM

Slide #2. RBC Bearings Incorporated Dover's Sargent Aerospace & Defense Business

Acquirer: RBC Bearings Incorporated (NASDAQ:ROLL)
Acquiree: Dover's Sargent Aerospace & Defense Business
Details: RBC Bearings Incorporated (NASDAQ:ROLL), a leading international manufacturer of highly-engineered precision plain, roller and ball bearings for the industrial, defense and aerospace industries, today announced that it has entered into a definitive agreement to acquire the Sargent Aerospace & Defense business ("Sargent") of Dover Corporation (NYSE:DOV) for $500 million, to be financed through a combination of cash on hand and senior debt. The transaction is expected to close in the second calendar quarter of 2015 (our fiscal first quarter of 2016), subject to customary closing conditions, including regulatory review.

RBC Bearings is a manufacturer and marketer of precision plain, roller and ball bearings. Co. has four product segments: plain bearings, which are primarily used to rectify inevitable misalignments in various mechanical components, such as aircraft controls, helicopter rotors, or in heavy mining and construction equipment; roller bearings, which are anti-friction products that utilize cylindrical rolling elements; ball bearings, which are devices which utilize high precision ball elements to reduce friction in high speed applications; and other products, which consist primarily of precision mechanical components and machine tool collets.

Open the ROLL Page at The Online Investor »

Company Name:  RBC Bearings Inc
Sector:  Industrial Machinery & Equipment
Number of ETFs Holding ROLL:  18
Total Market Value Held by ETFs:  $62.39M
Total Market Capitalization:  $1.50B
% of Market Cap. Held by ETFs:  4.17%

Open the ROLL Page at The Online Investor (in a new window) »

March 27, 2015    1:14 AM Eastern
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Buy (3.20 out of 4)
55th percentile
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