SKF Acquires Preventive Maintenance Company Inc.

KULPSVILLE, PA - In a move that strengthens SKF's market leadership in reliability services, condition monitoring products, maintenance strategies, and consulting services, the company's subsidiary, SKF USA Inc. has acquired Preventive Maintenance Company Inc. (PMCI), Elk Grove Village, Illinois, USA. PMCI has 70 employees with annual sales of approximately $10 million (USD).

PMCI is a market leader in Predictive Maintenance (PdM) services for industrial customers in the Pulp & Paper, Metals, Food, Automotive and other industries. The PMCI acquisition expands SKF's PdM services market coverage. PMCI President Jim Miller Jr. states, "Our customer's goal is to improve the strength of their equipment reliability programs. This strategic move by SKF confirms their commitment to on-time delivery of advanced technological services."

The increasing trend to outsource reliability services continues to drive double-digit growth. The strength of PMCI will help position SKF to meet these market demands. SKF intends to use PMCI's expertise in vibration data collections and analysis, balancing, alignment, ultrasonics, lubrication sampling, and thermography to create a primary service delivery organization.

According to Bart Bartholomew, Vice President of SKF Service Sales in North America, "The addition of PMCI to SKF's Reliability Service business significantly expands our geographic coverage for the delivery of SKF knowledge to key customers at the foundational service level of predictive maintenance (PdM)."

The SKF Group is the leading global supplier of products, solutions and services in areas comprising rolling bearings, seals, mechatronics, services and lubrication systems. The Group's services include engineering consulting, maintenance services, condition monitoring and training. The SKF Group's R&D efforts have resulted in innovations creating new standards and new products in the bearing world. SKF is present in more than 130 countries, has some 100 manufacturing sites and sales companies supported by some 15,000 distributor locations that are serviced by an efficient global distribution network and a widely used e-business marketplace."

SKF USA Inc., headquartered in Norristown, PA, employs approximately 5,000 people at over 25 manufacturing, research, distribution and sales facilities. As a business unit of The SKF Group, which has been awarded membership in the Dow Jones Sustainability World Indexes, the company operates its facilities in adherence to the highest economic, environmental and social sustainability standards. The Service Division of SKF USA Inc. markets its products through a nationwide network of more than 1,200 authorized distributors.

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