Waukesha Bearings, a Subsidiary of Dover Corporation, Acquires Federal-Mogul RPB

11.09.2001

PEWAUKEE, Wis., Aug. 16 /PRNewswire/ -- Waukesha Bearings Corporation, a subsidiary of Dover Corporation (NYSE: DOV) today announced that it has acquired Federal-Mogul RPB, formerly known as Glacier Rotating Plant Bearings, from Federal Mogul Corporation. The acquired business is a UK-based specialist engineering company providing hydrodynamic and magnetic bearing products and services tailored to customers' needs in the power generation, oil/gas, chemical and industrial markets.

Federal-Mogul RPB, which has been in the bearings business for over 100 years, is headquartered in Northwood Hills, outside of London, with fluid film bearings manufactured in Glasgow, Scotland and Manchester, England. The acquisition also includes the magnetic bearing design, manufacture and support operations located in Shoreham, England, and Mystic, CT, USA.

Waukesha Bearings is the leading manufacturer of bearings for a variety of rotating machinery applications including turbomachinery, motors and generators, industrial, utility, naval and commercial marine industries. "This acquisition is in keeping with Waukesha Bearing's strategy to be the leader in the design, manufacture, and sales of precision hydrodynamic fluid film bearings. We believe the strengths of this combination offer a great deal of value to our customers in Europe and the USA, and to all of our customers around the world," said Don Fancher, President of Waukesha Bearings Corporation. "We now have the most comprehensive line of custom engineered bearing solutions in the industry, a strong technical staff on two continents to support those products, and regional manufacturing and services to satisfy the needs of our customers, wherever they are," commented Jim Winistorfer, General Manager for Waukesha Bearings.

Waukesha Bearings Corporation designs and manufactures precision fluid film hydrodynamic bearings for customers in the Original Equipment manufacturing of gas and steam turbines, compressors, generators, turbo expanders, high and low speed gearboxes and other types of rotating equipment. Products include tilting pad thrust and journal bearings, sleeve bearings and housings. Waukesha Bearings Corporation is a subsidiary of Dover Corporation, with headquarters in New York City.

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