RBC Bearings Inc. (USA; NASDAQ: ROLL) said it has completed the acquisitions of sister companies, A.I.D. Corp. (website), and BEMD Inc. (website).

Both are subsidiaries of Advanced Metal Services Group (website). A third company, GAP Manufacturing, is not involved. GAP is a precision sheet metal fabricator, primarily of electronic chassis and enclosures.

Located in Clayton, Georgia, A.I.D. manufactures military and aerospace type-approved swaged steel rods and integrated bearing assemblies. Customers include the U.S. military, McDonnell Douglas, and Northrop Grumman. The company also does mil-spec cad plating and painting.

This is the second swaged tube / bearing producer to be recently acquired by a bearing manufacturer SKF just announced it has acquired a key A.I.D. competitor, QPM aerospace steel, of Seattle.

article: SKF acquires QPM aerospace steel
The other company acquired by RBC in the deal is BEMD, which produces high-precision finish machined components for commercial aircraft, aerospace, and military aircraft applications.

Michael Hartnett, RBC's Chairman and CEO, said: "We are very pleased to close our third acquisition of fiscal 2008. The addition of AID/BEMD expands our product offering to the worldwide airframe and defense industries. These products are complimentary to RBC Bearings' existing offering and broaden the value we deliver to the marketplace. We are confident that both companies will contribute immediately to shareholder value and will be good partners in the years ahead."

RBC reportedly paid USD $5.9 million cash and assumes certain liabilities; the two companies have annual revenue approaching $12 million.