WAUKESHA BEARINGS CORPORATION ACQUIRES INPRO/SEAL COMPANY
Pewaukee, Wisconsin USA, January 5, 2010 - Waukesha Bearings, an operating company of Dover Corporation acquired Inpro/Seal Company, the leading designer and manufacturer of bearing isolator technologies, effective December 30, 2009. Inpro/Seal is based in Rock Island, Illinois. Financial terms of the transaction were not disclosed.
"After much consideration, I felt Waukesha Bearings was the best strategic fit for Inpro/Seal. As leaders in our respective markets, Waukesha and Inpro/Seal share similar value propositions of delivering premium technology and superior service to our customers," said David Orlowski, Founder of Inpro/Seal.
The acquisition of Inpro/Seal adds adjacent product lines to Waukesha's market-leading bearing solutions for oil & gas and power generation markets. The Inpro/Seal brand has been highly successful in North America, and the addition of Waukesha's global footprint provides opportunities for growth internationally.
About Waukesha Bearings
Waukesha Bearings is a leading designer and manufacturer of engineered hydrodynamic and magnetic bearings for high-performing turbomachinery in oil & gas, power generation, marine and industrial markets. Typical applications include gas, steam and hydro turbines, centrifugal gas compressors, gearboxes, pumps and motors.
Founded in 1946, Waukesha has been an operating company of Dover since 1977. Headquartered in Pewaukee, Wisconsin, Waukesha has facilities in the US, UK, Mexico, Russia, India and Japan, and localized sales representation around the world.
Established in 1977, Inpro/Seal is the leading designer and manufacturer of bearing isolator technologies for a broad range of rotating equipment applications. Inpro/Seal invented the bearing isolator and has maintained a leadership position in the niche markets they serve. To date, nearly 4 million Inpro/Seal Bearing Isolators have been installed in rotating equipment throughout the world.