SKF lubrication systems Lincoln Industrial new members

      SKF China distributor in Sweden SKF Group global video conference that, SKF lubrication systems to expand the U.S. aftermarket and increased SKF company in North America and Asian markets and enhance market coverage SKF's production capacity, and determine its lubrication system increase in membership - Lincoln Industrial.

       SKF Crossed tapered roller bearing  distributor in China, according to introduction, SKF Group will be $ 1 billion cash acquisition is headquartered in St. Louis, Missouri, United States Lincoln Industrial lubrication system manufacturers, this new member of SKF lubrication systems Lincoln Industrial, the current SKF lubrication existing business has a high complementary value in the market area with SKF, technology development and production at the coincidence is very limited, especially in North America and Asia.

      The increase SKF include Lincoln (Lincoln), Arnie Mitt (Alemite) and Rui Technology (Reelcraft) all business entities and brands. SKF Company believes that the acquisition is completed to bring more and better sales channels and better operating efficiency, the company gained a great synergy. The acquisition will be earnings per share thickening of the company, the acquisition using the company's existing cash and credit tools. In addition, Lincoln also enable industry to get into the North American SKF lubrication tools and equipment aftermarket better channels.

      SKF China Office news that Lincoln Industrial currently has nearly 2,000 employees and 2010 revenues expected to sell $ 400 million, operating margin close to 24%. Lincoln Industrial is a world-class lubrication systems, lubrication tools and equipment supplier, has a consistently strong financial performance. Lincoln Industrial's three main product lines for the automatic lubrication system, reels and grease gun, focus on lubricating products. Sales come from the automatic lubrication systems and related products. The main target market is industrial machinery, energy, machinery, engineering machinery, mining machinery, agricultural machinery and steel.

    "We are very pleased that SKF acquired us, and look forward to the development of the SKF Group to make its own contribution to the development of Lincoln Industrial over the years are very good, strong growth, financial stability. Lincoln Industrial and existing SKF lubrication systems business and customer groups The combination will provide significant growth opportunities for the company to create greater value. "Lincoln Industrial, Chairman and CEO, Mr. Bart A Aitken SKF acquisition of new members in the Lincoln Industrial talked about.

      SKF's lubrication system is an important business, but also SKF's a technology platform. Acquisition of Lincoln Industrial, will work with the existing SKF Lubrication business combination, to provide customers with better solutions, and to lubricate business in the market to get better coverage. Lincoln Industrial for SKF's existing lubrication business layout has a very good complementary roles, with SKF Bearing company's existing products and markets only very limited overlap layout. SKF Group is pleased Lincoln Industrial soon will become a member of the SKF Group.