KMC is based in West Greenwich, Rhode Island, and Bearings Plus is based in Houston, Texas.
The acquisition of KMC and Bearings Plus extends Waukesha Bearings’ bearing solutions for oil & gas and large scale power generation applications. Waukesha Bearings, which is part of Dover Corp’s Fluid Management segment,.expects to realise additional synergies through Dover’s productivity initiatives and by focusing on joint technology development.
Robert Leisure, president of Waukesha Bearings, said: “The addition of KMC and BPI to Waukesha follows Dover’s strategy of acquiring successful companies where significant value can be created through broadening our product offering, expanding our engineering capabilities and leveraging our scale. We’re pleased to add such a well respected industry leader with a reputation for innovation and delivering high-performing solutions to customers.”
