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US Bearing Manufacturer Acquires European Company Specializing in Ceramic Bearing Technology

  US Bearing Manufacturer Acquires European Company Specializing in Ceramic
  Bearing Technology

Business Wire

CHATSWORTH, Calif. -- July 8, 2013

New Hampshire Ball Bearings, Inc., a leading bearing supplier to the
aerospace, defense, dental, and medical markets, and subsidiary of Minebea
Co., Ltd., has acquired all of the shares of CEROBEAR® GmbH, the world’s
preeminent manufacturer of innovative bearings featuring technologically
advanced ceramics.

New Hampshire Ball Bearings, Inc., a leading US-based bearing manufacturer and
subsidiary of Minebea ...

New Hampshire Ball Bearings, Inc., a leading US-based bearing manufacturer and
subsidiary of Minebea, Co., Ltd., has acquired all of the shares of CEROBEAR
GmbH, the world's preeminent developer of technologically advanced ceramics.
The two companies signed a Share Purchase Agreement on Wednesday, June 26,
2013 in Duesseldorf, Germany. Present at the signing were Jens Wemhoener
(left) and Gabriele Wemhoener (right), Managing Directors, CEROBEAR GmbH, and
Dan Lemieux, Vice President of Business Development and Marketing, New
Hampshire Ball Bearings, Inc. (Photo: Business Wire)

This strategic acquisition provides significant competitive advantages to both
companies. CEROBEAR gains access to the global manufacturing and marketing
resources of NHBB and Minebea, enabling the company to rapidly expand its
worldwide customer base in the aerospace, defense, and medical industries. By
partnering with CEROBEAR, whose core strength is ceramic technology
development, NHBB is now able to assist its aerospace customers with the
adoption of ceramic bearing technology in a wider range of aircraft
applications. Ceramic and hybrid ceramic bearing technology is gaining wider
acceptance with aircraft and engine manufacturers as they continue their
search for innovative materials and solutions that reduce weight and increase
fuel efficiency.

As a result of the acquisition, CEROBEAR becomes a part of the NHBB/myonic
Business Unit within the global manufacturing conglomerate, Minebea, and will
operate as an independent subsidiary under NHBB. With the addition of CEROBEAR
this month and myonic GmbH in 2009, the NHBB/myonic Business Unit now operates
six manufacturing facilities in the US and Europe.

CEROBEAR GmbH specializes in the design, engineering and production of
customized ceramic and hybrid ceramic ball and roller bearings for leading
companies in the aerospace, defense, food and beverage packaging, fluid
machinery, motor racing, and semiconductor manufacturing equipment industries.
The company is located in Herzogenrath, Germany, where it operates a 21,500 sq
ft manufacturing facility and employs more than one hundred highly skilled
technical workers.

New Hampshire Ball Bearings, Inc. is a leading manufacturer of precision
bearings and complex bearing assemblies for the global aerospace, defense, and
medical markets. Its diverse product mix includes precision miniature and
instrument ball bearings, large ball and roller bearings for aircraft engines,
and specialized rod end and spherical bearings for diverse aircraft
applications. NHBB is a subsidiary of Minebea, the world's leading vertically
integrated manufacturer of miniature ball bearings and high-precision
components for the telecommunications, aerospace, automotive, and electrical
appliance industries.

Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20130708005910/en/

Multimedia
Available:http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50665910&lang=en

Contact:

New Hampshire Ball Bearings, Inc.
Dan Lemieux, 860-563-4460
VP, Business Development and Marketing
dlemieux@nhbb.com
 
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