Ficodis Group acquires Berliss Bearing Co.
The Ficodis Group has acquired Whippany, New Jersey-based Berliss Bearing Co., which specializes in the manufacturing and distribution of roller bearings, mechanical seals, and custom-engineered bearing products.
Their products and services are used by OEMs active in diverse motorized and mechanical sectors, such as the agricultural field and the recreational vehicle industry.
“With the acquisition of Berliss Bearing Co., we can now offer tailored solutions to manufacturers across Canada and the United States,” said Christophe Bévillard, president of the Ficodis Group. “This acquisition not only diversifies our portfolio but also strengthens our presence in the U.S. market, particularly in serving key OEMs in diversified industries.”
Founded in 1932 in Belleville, New Jersey, Berliss Bearing Co. is a fourth-generation family business that has grown to employ many skilled professionals over the years and continues to utilize its industry-leading capabilities in the design of products for many different applications. Over the years, Berliss has also expanded its portfolio by becoming an authorized distributor for several well-known brands.
By joining the Ficodis Group, Berliss Bearing Co. will have the opportunity to expand its product offerings into the Canadian market. For Ficodis, which has a strong footprint in Canada – particularly through its private labeled brands, which offer power transmission components, DNA solutions, safety equipment, cutting tools, hand tools, abrasives, and maintenance products— the acquisition represents a significant opportunity to increase its market share in the U.S.
“We are thrilled to partner with Ficodis, as their strategies align perfectly with our commitment to maintaining our legacy, reputation and brand in the market, while we continue to focus on maintaining the continuity and development of our valued team," said Daryl Rubinstein, board member of Berliss Bearing Co. "My father, John Rubinstein, and I agree that together, with Ficodis, we can look forward to opening new channels for growth and expanding our operations vertically across both Canada and the United-States."
The integration of Berliss Bearing Co. marks a second U.S. acquisition this year for Ficodis, which previously acquired LNR Tools and Supplies in Long Island, New York.
INDUSTRIAL SUPPLY MAGAZINE
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