Carco PRP completed the acquisition of non-core aerospace operation from SKF for $220m.

Carco PRP, a manufacturer of sealing components, completed the acquisition of non-core aerospace operation from SKF, a Swedish bearing and seal manufacturing company, for $220m. “We are committed to create a more focused and resilient SKF to serve our customers even better and to accelerate profitable growth. Divesting this successful but non-core business at accretive multiples is an important part of this. At the same time, we continue to invest and strengthen our position in core Aerospace segments,” Rickard Gustafson, SKF President and CEO.