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Royal Bearing Buy Asstes from Siemens

Jul 18 2010

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Royal Bearing Inc., a worldwide dealer in bearings, led a group consisting of Kravis Equipment, an industrial machinery dealer headquartered in Amboy, Washington, and NW Pulp and Paper, an industrial equipment dealer located in Vancouver, Washington, to buy the assets no longer needed at Siemens USA's former Portland, Oregon facility where electrical panels and enclosures were manufactured.

"This purchase will allow us to add to our product range," said Clarence Hopkins, President of Royal Bearing.

"We are especially pleased that we were able to hire some of the Siemens employees from this facility. They bring world-class experience and will be a great addition to the superb team we have in place here at Royal Bearing."

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