Waukesha Bearings acquires KMC, Bearings Plus
Waukesha Bearings, Pewaukee, Wis., has acquired KMC Inc. and Bearings Plus Inc., companies involved in the design, analysis and manufacturing of engineered fluid film bearings and seals.
KMC is based in West Greenwich, R.I., and Bearings Plus is based in Houston.
Financial terms were not disclosed.
"The acquisition of KMC and Bearings Plus extends Waukesha's market-leading bearing solutions for oil and gas and large scale power generation applications," Waukesha Bearings said in statement announcing the acquisitions. "The KMC and Bearings Plus brands are well known in the industry for delivering innovative products and superior customer service."
Waukesha Bearings, a unit of Dover Corp., manufactures hydrodynamic bearings, magnetic bearings and sealing products for rotating equipment in oil and gas, power generation, marine and industrial markets. Typical applications include gas, steam and hydro turbines, centrifugal gas compressors, gearboxes, pumps and motors.
Founded in 1946, Waukesha Bearings has been owned by Dover since 1977. The company is made up of Waukesha Bearings, Waukesha Magnetic Bearings and Inpro/Seal. The company has facilities in the U.S., UK, Mexico, Russia, India and Japan.
Dover, based in suburban Chicago, is a global manufacturer of components and equipment, specialty systems and support services for a variety of applications in the industrial products, engineered systems, fluid management and electronic technologies markets.
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