Pacamor Kubar Bearings Purchased by Two Company Executives
August 20, 2015—
Pacamor Kubar Bearings (PKB) was recently been purchased by Edward M. Osta, the company's current executive vice president, and Stephen A. Angrisano, the company's current chief financial officer.
The agreement calls for the sale of the entire business, including all the factory capabilities and certifications. The company will continue to reside in its 13,250 square foot factory, clean room assembly area, and office area. The transition will be seamless, as all employees, machinery, certifications, as well as current skills and capabilities remain in place.
The purchase price was not disclosed.
“We were very pleased with the strong interest in Pacamor Kubar Bearings from highly reputable manufactures and other interested investors and received several highly competitive proposals,” said Augustine Sperrazza, president and CEO of S/N Precision Enterprises.
With the sale of the company, Sperrazza will retire. Sperrazza said that Osta and Angrisano are in the best position to protect and enhance the value and reputation of Pacamor Kubar Bearings (PKB).
“The future growth and expansion capabilities for this American owned and operated company have always been important considerations for us and we believe that this is the best decision for the customers, employees, and creditors,” he said.
|Pacamor Kubar Bearings|
| 145 Jordan Road |
Troy, NY 12180