Esco Technologies (ESE) announced that it has entered into a definitive agreement to sell Vacco Industries to RBC Bearings (RBC). The company expects to finalize the transaction upon receipt of certain customary regulatory approvals with expected gross cash proceeds of $310M subject to typical post-closing adjustments. A sizable book gain is expected on the transaction, with a plan to use the net proceeds for paying down debt incurred in connection with the Maritime acquisition.
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Read More on ESE:
- RBC Bearings to acquire VACCO Industries for $310M in cash
- Esco Technologies Reports Strong Q2 Growth and Positive Outlook
- ESCO Technologies Reports Strong Q2 2025 Results
- Esco Technologies reports Q2 adjusted EPS $1.35, consensus $1.25
- Esco sees FY25 revenue with Maritime $1.18B-$1.21B, consensus $1.14B