SKF to acquire lubrication and flow management businesses from John Sample Group.

SKF, a global supplier of bearings, seals, mechatronics, lubrication systems, and services, agreed to acquire lubrication and flow management businesses from John Sample Group, a mining, construction and off-highway, pulp and paper, food and beverages, and transportation company. Financial terms were not disclosed. "This acquisition is a good strategic fit as it enables us to become a significant lubrication systems player in the important ISEA region. Lubrication is an important part of SKF's portfolio of offering, enabling us to offer our customers tailored stand-alone lubrication solutions as well as improved bearing performance. As an essential part of industrial maintenance, effective lubrication management also contributes to a sustainable business and society," Thomas Fröst, SKF President.