- Hello Customer - Log in or Register!
An 84-year-old company, Jamaica Bearings Co. Inc., was named the Family-Owned Business of the Year for 2009 by the U.S. Small Business Administration, Region II (which includes New York). The award recognizes, among other things, sales, profits and potential for continued long-term growth.
The company, which distributes bearings and other products to the aerospace, government, industrial, rail and export industries, began in 1925 and has been in the Negri family since 1934. Peter F. Negri, president and chief executive, is the second-generation owner, having taken over from his father, Frank. His son Brian, who joined the company in 1999, is vice president of aerospace and government and is being groomed to succeed Peter.
At the time Peter Negri joined the business full time in 1971, annual sales were about $1.8 million and the company employed 15 people at its former location in Jamaica, Queens. Today, sales fall just under $100 million and the company employs more than 135 people. In addition to its New Hyde Park headquarters, to which it relocated in 1985, the company has offices in Pennsylvania, Florida and California.
While growth was steady for much of the past two decades, in the two-year period following 9/11, sales slowed significantly.
| Product Model | Inside Diameter | Outside Diameter | Thickness |
| 7404BDT KOYO | 20 | 72 | 38 |
| 7306DB KOYO | 30 | 72 | 38 |