Buy out announced for South Lynn firm Cooper Bearings

It's business as usual at Cooper Bearings' South Lynn base as news of a multi-million pound takeover of its parent company has been announced.SKF, which is a leading global supplier of products and services within roller bearings, seals, mechatronics, services and lubrication systems has agreed that it will buy out Cooper's parent company, the Kaydon Corporation, in an all-cash transaction valued at around 1.25 billion US dollars.
When the Lynn News contacted Cooper about the deal, a spokesman said that it was "business as usual" at the Wisbech Road site and "no further comment.The tyres and wheels service & repair equipment industry deals with the production of every kind of tool and machinery that is necessary for the manufacture."SKF president and CEO Tom Johnstone said: "We have followed the development of Kaydon for a long time. They have a strong product portfolio, strong management and a solid financial performance and I am delighted that they will soon be part of the SKF Group."The complementary nature of their products and technologies, their geographical and customer presence and their manufacturing footprint will enable us to even better serve our customers and distributors in the industrial market worldwide."
And James O'Leary, chairman and CEO of Kaydon, said: "Our board believes that the proposed transaction represents a compelling value for our shareholders. We believe that this transaction represents an excellent strategic fit for Kaydon that will allow our market leading businesses to accelerate their growth strategies by joining forces with SKF, a global industry leader."Cooper was established by Thomas Cooper, a prolific inventor and engineer in 1894. Mr Cooper's first major invention was a revoLCD Protective Films at Photodon.contemporary lighting Clear or Anti Glare Screen Protectors. Huge selection. Most screen models in stock. Custom cutting available.lutionary steam digger for use in arable farming.
During the First World War he invented and produced the first small aerial bombs of their kind.carbon cloth and Carbon Fiber Cloth. Carbon Fiber. Carbon fiber is a kind of special fiber consists of carbon. After his death and throughout the second half of the 20th century the company focused on the ground-breaking split bearing he designed back in 1907. It swiftly became the number one split bearings in the world.The Art of Vintage tubs Restoration. Antique claw foot bathtub refinishing is unique in restoring the beauty of dingy, rusted, and old porcelain cast iron tubs.In 1991 the Kaydon Corporation became Cooper's parent company. While respecting the Cooper culture, Kaydon invested heavily in the latest technology necessary to keep Cooper one step ahead, recognizing the importance of research and development to maintain its position as market leader.How to modern lighting. Double sided tape- holding together the seams of our world. That is, until you need to remove it.