NHBB Acquires European Company Specializing in Ceramic Bearing Technology
July 8, 2013 (Chatsworth, CA) – New Hampshire Ball Bearings, Inc. (NHBB), a leading US-based bearing supplier to the aerospace, defense, dental, and medical markets, and subsidiary of Minebea Co., Ltd., has acquired all of the shares of CEROBEAR® GmbH, the world’s preeminent manufacturer of innovative bearings featuring technologically advanced ceramics.
This strategic acquisition provides significant competitive advantages to both companies. CEROBEAR gains access to the global manufacturing and marketing resources of NHBB and Minebea, enabling the company to rapidly expand its worldwide customer base in the aerospace, defense, and medical industries. By partnering with CEROBEAR, whose core strength is ceramic technology development, NHBB is now in a position to assist its aerospace customers with the adoption of ceramic bearing technology in a wider range of aircraft applications. Ceramic and hybrid ceramic bearing technology is gaining wider acceptance with aircraft and engine manufacturers as they continue their search for innovative materials and solutions that reduce weight and increase fuel efficiency.
As a result of the acquisition, CEROBEAR becomes a part of the NHBB/myonic Business Unit within the global manufacturing conglomerate, Minebea, and will operate as an independent subsidiary under NHBB. With the addition of CEROBEAR this month and myonic GmbH in 2009, the NHBB/myonic Business Unit now operates three manufacturing facilities in the US, two in Germany, and one in Czech Republic.
For more information about this acquisition, please contact Dan Lemieux, Vice President, Business Development and Marketing, New Hampshire Ball Bearings, Inc. (860) 563-4460. firstname.lastname@example.org
CEROBEAR specializes in the design, engineering and production of customized ceramic and hybrid ceramic ball and roller bearings for leading companies in the aerospace, defense, food and beverage packaging, fluid machinery, motor racing, and semiconductor manufacturing equipment industries. The company is located in Herzogenrath, Germany, where it operates a 21,500 sq ft manufacturing facility and employs more than one hundred highly skilled technical workers. CEROBEAR is currently constructing another 24,750 sq ft of manufacturing and office space, which is scheduled to be completed November 1, 2013.
Visit cerobear.com for more information about the company.
New Hampshire Ball Bearings, Inc. (NHBB)
NHBB is a leading manufacturer of precision bearings and complex bearing assemblies for the global aerospace, defense, and medical markets. Its diverse product mix includes precision miniature and instrument ball bearings, large ball and roller bearings for aircraft engines, and specialized rod end and spherical bearings for diverse aircraft applications. NHBB is a subsidiary of Minebea, the world's leading vertically integrated manufacturer of miniature ball bearings and high-precision components for the telecommunications, aerospace, automotive, and electrical appliance industries.