27 Aug 2025
Group sells operations to Carco RPR Group, following an earlier €185m deal in April
Gothenburg, Sweden – Swedish sealing and components group SKF has announced a SEK700 million (€60 million) agreement to divest its ‘precision elastomeric device’ (PED) operations in the US.
The group has agreed to divest the Elgin, Illinois-based operations to Carco PRP Group as part of a process to exit “non-core businesses in its aerospace strategic review.”
The unit generated sales of SEK260 million in 2024, said SKF in an 18 Aug announcement.
The deal, expected to close in the fourth quarter of 2025, follows the divestment of SKF’s aerospace ‘ring and seal’ operation in Hanover, Pennsylvania to Carco PRP Group for SEK2.1 billion (€185 million) in April.
“With this agreement… we can focus on driving innovation and growth in our remaining core aerospace business,” said Thomas Froest, president, independent and emerging business.
SKF said it will maintain its focus on ‘core aerospace segments’ related to aeroengine and aerostructure bearing offerings, which represent SEK6 billion in annual sales.
These areas will be further strengthened through increased investments aimed at advancing digitalisation, automation, and further modernising the group's factories.
Subscribe for unlimited access. A subscription to European Rubber Journal includes:
Already a subscriber? Log in here
