Trans-Pacific Aerospace Company Inc. (fka TPAC)

[flyboyjo]

Market reminder: Southwest Products Company...Bills first attempt at manufacturing spherical bearings in China ended up being acquired by RBC. Notably, Southwest Products Company was profitable and remains an integral subsidiary to RBC to this day.

Acquisition of Southwest Products Company



On September 2, 2005, RBC Bearings acquired the assets of Southwest Products Company in Irwindale, California for approximately $2.2 million. The new business unit, to be named RBC Southwest Products, Inc., manufactures a line of spherical bearings, journal bearings and push-pull controls for military weapon systems and military and commercial aerospace applications. The company generated revenues of approximately $5.4 million in its most recent calendar year. We anticipate that the acquisition will be accretive to our earnings in fiscal 2006.



“The purchase of Southwest Products Company further solidifies RBC’s position as a premier supplier of specialty and standard bearings for commercial and military airframe and aerospace subsystem manufacturers,” said Dr. Hartnett.

http://www.wikinvest.com/stock/RBC_Bearings_%28ROLL%29/Acquisition_Southwest_Products

http://www.rbcbearings.com/aerospace/index-intro.htm

http://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=4823008

http://www.manta.com/c/mmntmxf/rbc-southwest-products-inc