Sweden SKF Bearing Group acquired the U.S. GBC

According to aspects of SKF backing bearings distributor in China, the world's leading tapered bearing  seals, mechatronics, services and lubrication systems suppliers - Swedish SKF Group in February 13, 2012 announced a $ 125 million acquisition of New York-based GBC bearings (General Bearing Co., Ltd.). Acquisition (GBC) General Bearing Company in full compliance with SKF (SKF) use other brand product lines complement development strategy to further strengthen SKF (SKF) brand in other areas not covered by the market growth.

       "I am honored to be joining SKF Group expects will be able to accelerate the profitable growth of the bearing business, we emphasize the economic benefits of overseas production, General Bearing Corporation (GBC) in China's successful track record will make the SKF Group unleashed, can Help SKF better serve these important markets. "General Bearing Co., Ltd. (GBC), Mr. Chairman and CEO David Gussack talked about in this acquisition.

       General Bearing Co., Ltd. will serve as SKF (SKF), a subsidiary of the Group to continue to operate independently. SKF acquired General Bearing Co., Ltd. (GBC), whose main brand is General and Hyatt, General Bearing Company, under the leadership of Mr. David Gussack use of their factories in China for the U.S. automotive market and heavy marketing services, business development quite successful .