in News Departments > FYI
print the content item

Ann Arbor, Mich,-based Kaydon Corp., a supplier of products to wind energy markets, has acquired Avon Bearings Corp. in a cash transaction valued at $55 million. The acquisition of Avon is expected to be accretive to Kaydon's earnings within the first full year of ownership and immediately accretive to cash earnings. Avon is expected to add approximately $30 million to Kaydon's fiscal 2008 sales.

Headquartered in Ohio, Avon is a custom designer and manufacturer of high precision large diameter turntable bearings. Avon also remanufactures bearings sells replacement bearings, and is known globally for its focus on engineering support, product quality and proprietary manufacturing capabilities.


Helukabel_id1908
Latest Top Stories

Smart Community Engagement: Twelve Tips Every Wind Developer Should Know

Community engagement helps ensure a project runs smoothly, but it can also save developers money and even lead to a more successful wind industry overall.


Bird Groups Target LEEDCo's Icebreaker Offshore Wind Pilot

Two bird conservation groups that helped halt a wind project earlier this year argue that Lake Erie Energy Development Corp.'s (LEEDCo) 18 MW offshore demo poses a major risk to regional wildlife.


Report Disputes U.S. Agency's Renewable Energy Projections

A new analysis from the Sun Day Campaign says renewables are slated to provide 16% of U.S. generating capacity by 2018 - over 20 years earlier than forecast by the Energy Information Administration.


Kansas Renewables Mandate Survives Yet Another Attack, But Is It Too Early To Celebrate?

Over the past three years, some legislators have tried to either weaken or repeal the state's renewable portfolio standard, which requires Kansas utilities to reach 20% renewables by 2020.


AWEA Highlights U.S. Wind Success Stories Of 2013

Despite a 92% drop in new capacity last year, the sector still has myriad reasons to celebrate, according to a new report from the American Wind Energy Association.

Acciona_id1907
JLG_id1900
UEA_id1896
WomenofWind_id
bonfiglioli_id1913
AWEA_id1886