The global site of the UK's leading magazine for automation, motion engineering and power transmission
10 April, 2024

Twitter link

Rexnord buys Falk for $295m to create $1bn business

01 April, 2005

The mechanical power transmission giant Rexnord is buying its Milwaukee neighbour, the Falk Corporation, for $295m from Hamilton Sundstrand, a subsidiary of United Technologies. Like Rexnord, Falk produces mechanical components such as gear drives and couplings.

"By combining two companies that have complementary products and technologies, we create a bigger, stronger business, with combined annual revenues in excess of $1bn," says Rexnord`s chief executive, Robert Hitt.

Rexnord, with annual sales of about $800m, produces components such as chain, bearings and seals at 30 manufacturing sites around the world. Falk, whose annual sales are worth around $200m, has facilities in the US, Canada, Mexico, Brazil, China and Australia.

The takeover is expected to be completed during the second quarter of this year.

  • To view a digital copy of the latest issue of Drives & Controls, click here.

    To visit the digital library of past issues, click here

    To subscribe to the magazine, click here



"Do you think that robots create or destroy jobs?"



Most Read Articles