RBC Bearings Buys U.S. Bearing

March 15, 2005—RBC Bearings Inc. completed an agreeement with Networks Electronics Cor. for the purchase of U.S. Bearings.

"This acquisition comes at a very exciting time in our company's history and continues to complement our broad range of aircraft bearing products," says Michael J.Hartnett, RBC's president. "These products are very similar to those produced by our Heim Bearings Division in Fairfield, CT."

RBC Bearings is located in Chatsworth, CA and is planning a new production facility to accomodate the U.S. Bearings line.