financetom
Business
financetom
/
Business
/
RBC Bearings to Purchase VACCO From ESCO Technologies
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
RBC Bearings to Purchase VACCO From ESCO Technologies
May 26, 2025 11:12 AM

04:36 PM EDT, 05/20/2025 (MT Newswires) -- RBC Bearings ( RBC ) said late Tuesday it has struck a deal to buy VACCO Industries from ESCO Technologies ( ESE ) for $310 million in cash.

VACCO makes valves, manifolds, regulators, filters, and other components and subsystems for the space and naval defense channels, RBC said. For the 12-month period ending March 31, VACCO generated revenue of about $118 million.

The acquisition will be funded through additional borrowings under its existing credit lines and available cash, the firm said. It expects to close the transaction this summer.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
'The Color Purple' cast tops NAACP Image Awards
'The Color Purple' cast tops NAACP Image Awards
Mar 16, 2024
LOS ANGELES, March 16 (Reuters) - While The Color Purple actor Danielle Brooks didn't take home the Oscar for best supporting actress at the Oscars last weekend, she and cast members took home the NAACP Image award on Saturday for outstanding motion picture. On the red carpet, Brooks told Reuters that out of all her accolades, she's most grateful to...
CERAWEEK-Oil mergers, clean fuels vie for attention at Houston energy conference
CERAWEEK-Oil mergers, clean fuels vie for attention at Houston energy conference
Mar 17, 2024
By Arathy Somasekhar HOUSTON, March 17 (Reuters) - Top oil executives and ministers descend on Houston this week for one of the world's biggest energy conferences emboldened by blockbuster mergers, stable oil prices and less pressure for a large scale move to clean fuels. Global oil prices have remained in a range between $75 and $85 per barrel, a level...
Xpeng to launch cheaper EV brand amid fierce China price competition
Xpeng to launch cheaper EV brand amid fierce China price competition
Mar 16, 2024
BEIJING (Reuters) - Chinese electric-vehicle (EV) maker Xpeng ( XPEV ) announced plans to launch a cheaper brand, entering a highly competitive segment amid an intense price competition in the EV industry. Models of the brand, to be launched within the next month, will be priced between 100,000 yuan and 150,000 yuan ($14,000-$21,000), Xpeng ( XPEV ) Chairman and CEO...
Biden, Michigan Governor Whitmer, Utah's Cox to joke at Washington's Gridiron dinner
Biden, Michigan Governor Whitmer, Utah's Cox to joke at Washington's Gridiron dinner
Mar 16, 2024
WASHINGTON, March 16 (Reuters) - U.S. President Joe Biden, Michigan Governor Gretchen Whitmer and Utah Governor Spencer Cox are expected to skewer American politics and poke fun at themselves in speeches at the Gridiron Club dinner Saturday, a Washington tradition that began in the 1880s. Biden's appearance at the dinner, in which politicians and journalists trade humorous barbs in a...
Copyright 2023-2025 - www.financetom.com All Rights Reserved