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SKF inks deal to buy U.S. Peer Bearing Co
✍️ 신륭기공 📅 2008.06.27 00:00 👁 41

SKF inks deal to buy U.S. Peer Bearing Co

Thu Jun 26, 2008 2:40am EDT
 
STOCKHOLM, June 26 (Reuters) - World number one bearings maker SKF (SKFb.ST: Quote, Profile, Research, Stock Buzz) said on Thursday it had signed a deal to buy U.S.-based Peer Bearing Company for an undisclosed sum.
SKF said in a statement PEER, which manufactures ball bearings and roller bearings at plants in China and Thailand, reported sales of almost $100 million last year and has around 1,400 employees.
(Reporting by Niklas Pollard)
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