Kaydon purchases Avon Bearings

Dec. 1, 2007
Kaydon Corp., Ann Arbor. Mich., recently announced that it has acquired Avon Bearings Corp., Avon, Ohio, in a cash transaction valued at $55 million.

Kaydon Corp., Ann Arbor. Mich., recently announced that it has acquired Avon Bearings Corp., Avon, Ohio, in a cash transaction valued at $55 million. Avon is a custom designer and manufacturer of high precision large diameter turntable bearings. The company also remanufactures bearings and sells replacement bearings. One of the major markets that Kaydon supplies is the growing wind energy industry where the company supplies a significant number of pitch and yaw bearings. Other industries served by both Kaydon and Avon are construction equipment, logging machines, aerial baskets, medical equipment, military vehicles, radar antennas, and a range of industrial equipment. For more information, visit www.kaydon.com.

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