RBC Bearings to acquire ABB's Dodge mechanical power transmission division
RBC Bearings has entered into a definitive agreement to acquire the DODGE mechanical power transmission division of ABB for $2.9 billion in cash.
Headquartered in Greenville, South Carolina, Dodge manufactures mounted bearings and mechanical products, including a complete line of mounted bearings, enclosed gearing and power transmission components across a diverse set of industrial end markets. Dodge primarily operates across the construction and mining aftermarket, food & beverage, warehousing and general machinery verticals, with sales predominately in the Americas.
Dodge generated revenue of approximately $617 million for the 12 months ended June 30, 2021.
“The combination will enhance RBC Bearings’ capabilities, footprint, and customer base while increasing our access to Dodge’s attractive end markets. Our businesses are highly complementary, with Dodge bringing new offerings, new end markets, and more scale to the combined organization, said Dr. Michael J. Hartnett, RBC Bearings chairman, president and CEO. "The combined company will have an attractive position in the Aerospace, Defense and Industrial markets with a diversified client base and expansive geographic footprint. We look forward to welcoming Dodge’s talented team to RBC Bearings.”
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
