RBC Bearings (RBC) “announced that it has entered into a definitive agreement to acquire VACCO Industries from ESCO Technologies Inc. (ESE) for $310 million in cash. With headquarters in South El Monte, California, VACCO is a prominent manufacturer of valves, manifolds, regulators, filters, and other precision components and subsystems for the space and naval defense channels. The Company’s products are highly engineered mission-critical components, designed to perform seamlessly in extreme environments. For the 12-month period ending March 31, 2025, VACCO generated revenue of approximately $118 million. The business will be integrated into RBC’s Aerospace and Defense segment upon closing of the deal.”
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RBC:
- RBC Bearings price target raised to $415 from $390 at Morgan Stanley
- RBC Bearings: Strong Demand and Strategic Growth Drive Overweight Rating and Increased Price Target
- RBC Bearings’ Earnings Call Highlights Strong Growth
- RBC Bearings price target raised to $405 from $375 at Truist
- RBC Bearings: Strong Performance and Promising Future Potential Justify Buy Rating
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue