# SKF divests ring and seal operation in Hanover, Pennsylvania to Carco PRP Group for USD 220M

SKF has signed an agreement to divest its ring and seal operation in Hanover, Pennsylvania, USA, to Carco PRP Group through its US aerospace subsidiary PCTI, for a total enterprise value of USD 220 million. The divestment is expected to close during the first quarter of 2025.

- Type: Acquisition
- Announced: 2024-10-29
- Where: Hanover, Pennsylvania, United States
- Value: $220.0M
- Status: announced
- Products: mechanical seals, rings
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [SKF](https://endata.com/companies/4959.md)
- [SKF](https://endata.com/companies/4959.md) (partner)
- [Carco PRP Group](https://endata.com/companies/80798.md) (acquirer)
- [PCTI](https://endata.com/companies/80799.md) (acquirer)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/skf-divests-non-core-aerospace-operation-for-usd-220-million-302290508.html), 2024-10-29: "I'm pleased that we have been able to deliver on our prior promises and successfully reached an agreement to divest this successful but non-core business at accretive multiples."
- [legaldesire.com](https://legaldesire.com/latham-watkins-advises-carco-prp-ltd-on-acquisition-of-skfs-non-core-aerospace-operation/), 2024-11-03: "Latham & Watkins advised Carco PRP Limited on a definitive agreement to acquire from SKF, SKF's ring and seal operation located in Hanover, Pennsylvania, USA."

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