SKF Acquires Lubrication Filtration Business - Modern Distribution Management

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SKF Acquires Lubrication Filtration Business

The increasingly acquisitive bearings manufacturer has added EFOLEX AB to its portfolio — its second deal announcement in as many days.
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Swedish bearings manufacturer SKF has acquired EFOLEX AB, a Gothenburg, Sweden-based manufacturer of the Europafilter-branded industrial lubrication and oil filtration systems. Financial terms of the deal weren’t disclosed.

EFOLEX offers offline filtration systems used in process manufacturing and energy industries. It currently has approximately 10 employees.

“In addition to being an interesting stand-alone product, the Europafilter technology is a good strategic fit with SKF RecondOil’s Double Separation Technology offer and will widen our overall lubrication management capabilities,” said Thomas Fröst, president, Industrial Technologies.

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About the Author
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Eric Smith

Senior Editor Eric Smith is an award-winning business journalist whose coverage focus includes economic news and insights, industry trends, M&A, and analysis of small businesses and public companies across the wholesale distribution marketplace. Reach him at eric@mdm.com or 720-207-0335.
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