RBC Bearings Inc., a manufacturer of precision plain, roller and ball bearings for the industrial, defense and aerospace industries, announced plans to consolidate and restructure its large bearing manufacturing facilities.
Sometime this month, the Oxford, Conn.-based company said it will discontinue manufacturing large bearings in Houston, and will consolidate the manufacturing into other RBC manufacturing facilities, mainly in South Carolina.
RBC has manufacturing facilities at 1377 Wisacky Highway in Bishopville and at 2268 S. 5th St. in Hartsville. The company also has its Eastern distribution center at 224 Truman Road in Bishopville.
Further details of the impact on operations in South Carolina were not available.
The company said the consolidation will strengthen the efficiency of large bearing manufacturing operations. This consolidation will result in a pre-tax charge of $7.7 million and an after-tax charge of $5.5 million in the fourth quarter of fiscal 2013.
In its most recent full fiscal year, which ended March 31, 2012, RBC Bearings had $397.5 million in sales, an 18% increase over 2011. Net income for 2012 was $50 million, up 43% over 2011.
Founded in 1919, RBC Bearings is primarily focused on producing highly technical or regulated bearing products requiring sophisticated design, testing and manufacturing capabilities for the industrial, aerospace and defense markets. RBC Bearings employs about 2,122 people and operates 23 manufacturing facilities in four countries.