Schaeffler Group Sells Subsidiary Lacey Manufacturing Inc.
The Schaeffler Group, Herzogenaurach/Germany, has sold its
With about 275 employees, Lacey develops and manufactures assemblies and precision products for the medical engineering market, such as injection molding components and wire implants. Sales of approx. U.S. $43 million are expected for 2008. The Schaeffler Group had acquired the company back in 2001 as part of the take-over of FAG Kugelfischer AG.
Precision Engineered Products is a renowned manufacturer of precision parts and components. With the acquisition of Lacey, it further expands and strengthens its core business. The company has production sites in the
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Author：mosbearing 2008-11-12 Source: View(723) Comment(0)