Sign In
Upcoming Event
Free Newsletter
Auburn Bearing acquires Herkimer-based customer
Auburn Bearing acquires Herkimer-based customer
Macedon-based Auburn Bearing & Manufacturing Inc. has acquired the assets of Aurotek TSB Inc. Financial details were not disclosed.
Auburn Bearing is a designer and manufacturer of thrust bearings, custom bearings and precision components, while Aurotek specializes in the production of precision thin section bearings for a variety of industries. The bearings are used in applications such as in defense weapon systems, medical equipment, radar equipment aerospace guidance systems and more.
“This acquisition aligns with our strategy to expand our product offerings to include American-made precision radial bearings, along with our current thrust ball and roller bearings, in low- to mid-volume production runs and with reasonable lead times,” said Auburn Bearing President Peter Schroth in a statement.
Aurotek was founded by Don Cancelmo, who spent his career working in the thin section bearing industry. Auburn Bearing had been a supplier of rings and bearing components to the company since 2011.
Aurotek previously was located in Herkimer County and will be moved to Macedon.
[email protected] / 585-653-4021
Follow Velvet Spicer on Twitter: @Velvet_Spicer
