The increase SKF include Lincoln

SKF taper roller bearing distributor in China , according to introduction , SKF Group will be $ 1 billion cash acquisition is headquartered in St. Louis, Missouri, United States Lincoln Industrial lubrication system manufacturers , this new member of SKF lubrication systems Lincoln Industrial , the current SKF lubrication existing business has a high complementary value in the market area with SKF , technology development and production at the coincidence is very limited, especially in North America and Asia.

      The increase SKF include Lincoln (Lincoln), Arnie Mitt (Alemite) and Rui Technology (Reelcraft) all angular contact ball bearing entities and brands. SKF Company believes that the acquisition is completed to bring more and better sales channels and better operating efficiency , the company gained a great synergy. The acquisition will be earnings per share thickening of the company , the acquisition using the company's existing cash and credit tools. In addition , Lincoln also enable industry to get into the North American SKF lubrication tools and equipment aftermarket better channels .

      SKF China Office news that Lincoln Industrial currently has nearly 2,000 employees and 2010 revenues expected to sell $ 400 million , operating margin close to 24%. Lincoln Industrial is a world-class lubrication systems, lubrication tools and equipment supplier , has a consistently strong financial performance . Lincoln Industrial 's three main product lines for the automatic lubrication system , reels and grease gun , focus on lubricating products. Sales come from the automatic lubrication systems and related products. The main target market is industrial machinery , energy, machinery, engineering machinery , mining machinery, agricultural machinery and steel .