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Date: 2013-08-01

Kaydon Buys Avon Bearings Corp.

Kaydon Buys Avon Bearings Corp.

Kaydon Corporation (www.kaydon.com) has acquired Avon Bearings Corporation (www.avonbearings.com) in a cash transaction valued at $55 million.

Kaydon Corporation is a designer and manufacturer of custom-engineered, performance-critical products, supplying a broad and diverse group of industrial, aerospace, medical and electronic equipment, alternative-energy, and aftermarket customers.

Avon is a custom designer and manufacturer of high precision large diameter turntable bearings. Avon also remanufactures bearings, sells replacement bearings, and is known globally for its focus on engineering support, product quality, and proprietary manufacturing capabilities.

The acquisition of Avon is expected to be accretive to Kaydon


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