Oxford precision bearings maker RBC Bearings said it has acquired Climax Metal Products Co. for $13.6M.
Based in Mentor, Ohio, Climax makes shaft collars, rigid couplings, keyless locking devices and bearings. It posted $14.1 million in sales last year.
RBC CEO Michael J. Hartnett said in an announcement that the acquisition will help RBC expand its product portfolio, customer base and distribution channels.
RBC has 24 manufacturing facilities in four countries and employs nearly 2,200.
