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The funds support PT/MC industry employers to be more successful in their recruitment and retainment efforts.
Search Results for: RBC
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Fellow private equity firm American Securities, which acquired FBM in 2021, retains a majority stake in the distributor.
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MDM reported on 40 mergers and acquisitions among industrial distributors and manufacturers in August, the most since April.
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RBC is buying the manufacturer of precision bearings for the commercial and defense aerospace markets for $18.7 million.
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The company said that Aerospace/Defense sales were up 21.2%, while Industrial sales were up 4.7%.
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After three quarters in fiscal 2023, the bearings manufacturer has surpassed $1 billion in net sales, according to an earnings announcement.
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The company reported fiscal 2023 second-quarter net sales of $369.2 million, and increase of 129.4% over last year.
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The company reported fiscal 2022 fourth-quarter net sales of $358.9 million and gross margin of $137.5 million.
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The home improvement company says it plans to use the net proceeds from the sale of the notes for “general corporate purposes.”
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RBC Bearings Inc. reported fiscal 2022 third-quarter net sales of $267 million, while organic net sales were up 7.6% over last year.
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