Pacamor Kubar Bearings (PKB) Purchased by Company’s Executive Vice President & Chief Financial Officer
Resource from: Pacamor Kubar Bearings Likes:256
Aug 13,2015
TROY, N.Y.--(BUSINESS WIRE)--Pacamor Kubar Bearings (PKB), a private business manufacturing high precision ball bearing assemblies for aerospace, medical, and industrial applications has been purchased by Edward M. Osta, the company’s current Executive Vice President, and Stephen A. Angrisano, the company’s current Chief Financial Officer.
“The future growth and expansion capabilities for this American owned and operated company have always been important considerations for us and we believe that this is the best decision for the customers, employees, and creditors”
The agreement calls for the sale of the entire business, including all the factory capabilities and certifications. The company will continue to reside in its 13,250 square foot factory, clean room assembly area, and office area. The transition will be seamless, as all employees, machinery, certifications, as well as current skills and capabilities remain in place.
The purchase price was not disclosed.
“We were very pleased with the strong interest in Pacamor Kubar Bearings from highly reputable manufactures and other interested investors and received several highly competitive proposals," said Augustine Sperrazza, President and CEO of S/N Precision Enterprises, who, over forty years, developed the bearing manufacturer.
With the sale of the company, Mr. Sperrazza will retire. Sperrazza said that Osta and Angrisano are in the best position to protect and enhance the value and reputation of Pacamor Kubar Bearings (PKB).
“The future growth and expansion capabilities for this American owned and operated company have always been important considerations for us and we believe that this is the best decision for the customers, employees, and creditors," he said.
Pacamor Kubar Bearings (PKB) manufactures high performance DFARS compliant miniature and instrument ball bearings for the aerospace, defense, medical, industrial, and commercial industries. Customers include major aerospace manufacturers and key resellers as well as various national laboratories and prestigious government organizations such as the National Aeronautics and Space Administration (NASA). PKB provides these industries with precision ball bearings, including those with unique designs and materials used at sub-cryogenic temperatures.
PKB products include Full Complement Ball Bearings, Thin Section Ball Bearings, Separable Angular Contact Ball Bearings, and Nonseparable Angular Contact Bearings, Radial Ball Bearings, Cryogenic Ball Bearings, Metric Ball Bearings, FAA TSO-C149 Aircraft Bearings, and Specialty Ball Bearings. PKB ball bearings are manufactured at the ISO 9001:2008 and AS9100:2009 certified factory in Troy, NY.
The entire line of PKB products is available direct from the manufacturer by contacting 518-283-8002 (www.pacamor.com). Pacamor Kubar Bearings (PKB) offers the right bearing at the right price for all your miniature, precision, and instrument applications.
Pacamor Kubar Bearings is a domestic manufacturer of high precision miniature & instrument bearings and offers over 40 years of expertise in radial ball bearings. Located in Troy, NY, Pacamor Kubar Bearings is one of the few American owned and operated miniature & instrument ball bearing manufacturers.
(Pacamor Kubar Bearings)
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1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
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