Agreements announced today, on the basis of sufficient cash and without obligation to 1.
$2. 5 billion acquisition of new york-based general bearing co. , LTD. (
The deal needs to be relevant laws and regulations and shareholder approval.
Supporting roller SKF, President and chief executive of Tom & # 8226;
Said: 'I'm glad to acquire general bearing co. , LTD. (
, the main brand for General and Hyatt.
General bearing company under the leadership of Mr David Gussack, using their factories in China for the U. S. auto market and overloading market service, business development has been a success.
To buy gm's full compliance with SKF bearing company added using other brand strategy for the development of product line, can help us to better serve the important market.
'changzhou yau shing bearing will continue to operate independently as a subsidiary of SKF group.
SKF brand also includes 2008 acquisition of peer bearing company (