Pacamor Kubar Bearings Purchased by Two Company Executives
Pacamor Kubar Bearings (PKB) was recently 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 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.
With the sale of the company, 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.
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.
4.If the news we published involves copyright of yours,just let us know.
Next ICL Boulby sets new weekly polyhalite mining record
BRIEF INTRODUCTION
Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.
Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.
China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.
