SKF has acquired Russell T. Gilman Inc., one of the leading producers of spindles for machine tools in the United States. The acquisition will virtually double SKF sales in the spindle market sector to 150 million Swedish kronor (US$19 million). It will also provide the SKF Group with a range of important complementary products such as slides, index tables and special modules for machine tools.
By strengthening its position as a producer of spindles for machine tools, SKF brings itself closer to end customers. This improves the company’s potential to conduct cost-effective product and technology development in cooperation with customers, while improving profitability.