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INA Bearing Company Becomes Schaeffler (UK)

Resource from:  CBCC Likes:2954
Feb 14,2006
Following the successful acquisition of FAG in 2001, INA Bearing Company has now completed its final phase of integration by changing its name to Schaeffler (UK). Following the acquisition of FAG by INA in 2001, INA Bearing Company has supported and driven sales of both INA and FAG products. To mark the successful and complete integration of the two companies, the decision has been taken to rename INA Bearing Company to Schaeffler (UK) , with all future business activities regarding INA and FAG brands continuing under this name. 'Previously the Schaeffler Group ownership of INA remained very much in the background', commented Kate Hartigan, managing director, Schaeffler (UK). 'However, we believe that a closer and more visible association with the Schaeffler Group will underpin our competitiveness both in the UK market place and also with our trading partners worldwide'. 'The renaming of the company also enables us to position INA and FAG as distinct product brands, separate from any corporate entity.' The company name change took effect from the 1st January 2006
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