Date: 2013-08-01

Universal Bearings acquires molder Precision Plastic & Die

Metal bearings and components maker Universal Bearings LLC is expanding into plastics with its acquisition of Precision Plastic & Die Co.

Universal Bearings, based in Bremen, Ind., purchased the assets of Ithaca, Mich.-based Precision Plastic and is taking over manufacturing there. It has retained the 12 employees in Ithaca, said David Ketcham, vice president of finance and administration, in an Aug. 3 telephone interview. The companies did not disclose a purchase price.

Universal uses some plastic as a retainer in a bearing product, but bought the material from an outside supplier, Ketcham said. Precision Plastic provides it with in-house capabilities in multiple materials which it can offer its existing customer base in automotive and commercial trucks, and also build on Precision

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