|
| Acquisition of U.S. supplier SKF Lubrication |
|
|
| |
SKF Lubrication on the industry's leading supplier of systems and tools for the acquisition of Lincoln holding companies have been approved by the relevant antitrust authorities. Then, SKF paid to the Lincoln Industrial 10 million in cash, which including debt. The acquisition was completed end of 2010. Lincoln Industrial, headquartered in St. Louis, Missouri, about 2000 employees. The company's sales in 2010 expected to reach 400 million U.S. dollars, operating profit margin of about 24%. Lincoln's business will be classified as SKF Industrial Division lubrication systems business unit in the new business.
The article above is transfered from glow plug, and spark plug |
|
