Date: 2013-08-01

SKF divests metallic rods operation to Precision Castparts Corp.

SKF has signed an agreement to divest its metallic rods business to US-based Precision Castparts Corp. (PCC) for around EUR 40 million on a cash and debt free basis. This includes the sale of the operations at the SKF sites in St. Vallier sur Rhône, France and Monroe, Washington in the USA. During 2012, sales from these two sites were around EUR 46 million. The closing is expected in Q2, 2013.

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