# PEER Bearing to assume General Bearing Corporation's industrial business

PEER Bearing Company will assume responsibility of all industrial business from General Bearing Corporation (GBC), while GBC will take over PEER's automotive business. The transfer, effective October 2, 2017, aligns resources within the SKF Group.

- Type: Acquisition
- Announced: 2017-07-25
- Where: Waukegan, Illinois, United States
- Status: announced
- Products: ball bearings, roller bearings
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [PEER Bearing](https://endata.com/companies/4958.md) (acquirer)
- [SKF](https://endata.com/companies/4959.md) (partner)
- [General Bearing Corporation](https://endata.com/companies/17431.md) (target)

## Sources

- [bearing-news.com](https://www.bearing-news.com/peer-bearing-assume-general-bearing-corporations-industrial-business/), 2017-07-25: "Our main priority during this transition phase is to maintain open communication with our customers to make sure all concerns are addressed and the transition is seamless for them."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.