National Engineering Industries completed the acquisition of Kinex Bearings.

National Engineering Industries, a bearing manufacturer and supplier, completed the acquisition of Kinex Bearings, an engineering and bearing manufacturer. Financial terms were not disclosed. “This acquisition is a significant step forward in NEI’s vision and global ambitions. We are excited to have the complementary product portfolio, skills and capabilities of Kinex and we firmly believe that we can leverage the synergies between both companies to chart an exciting path ahead for growth and engineering excellence. This deal positions NEI on the global map with an international manufacturing footprint and the advantages of a more efficient supply chain to serve our global customers,” Rohit Saboo, NEI President and CEO.