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Torrington raises needle-bearing stakes. | Automotive News Europe | Find Articles at BNET.com
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Content from our trusted partner BNETGet your own CNET Networks Widget. » GET IT NOWAutomotive IndustryIndustry: Email Alert RSS FeedTorrington raises needle-bearing stakes.
Automotive News Europe,
December, 2001
by Chew, Edmund
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The Torrington Company has taken control of Nadella, its needle-bearing joint venture with SNR Roulements.
The purchase price was not disclosed. Torrington has had a 50 percent share in Nadella since 1985, but partner SNR managed the operation. SNR of Annecy, France, is a subsidiary of Renault.
Nadella, which supplies needle bearings for automotive and industrial applications, had sales of about $130 million (E147.8 million) in 2000.
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Torrington is the global market leader in needle bearings, said Andrew Reynolds Smith, vice president and managing director of Torrington ...
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