Craft Bearing Company (Hampton, Virginia) is moving its office and factory from Hampton to Newport News, Virginia.

But Craft will actually be staying within the same Copeland Industrial Park, which straddles the two cities. From three smaller buildings on the Hampton side, Craft will be moving into a 52,000 square foot building at 5000 Chestnut previously owned by Gambro A.B. Gambro is a manufacturer of renal care and dialysis systems.

Craft reportedly paid USD $1.2 million for the Gambro building. Under Newport News enterprise zone incentives, if the company meets job creation and investment criteria, it will receive approximately 25% of the building's purchase price back via tax incentives and other credits.

Craft manufactures a patented split cylindrical roller bearing. The heavy cast pillow block assembly is designed to be disassembled and serviced in place.

Applications for the units are sugar mills, steel mills, Navy cranes, large conveyors and other heavy-duty uses. They are made for shafts as small as 1-7/16" up to 12" - the 12" shaft unit weighs 742 pounds and is 27" high.