Reporter- Houston Business Journal
RBC Bearings Inc. (Nasdaq: ROLL) said it will discontinue this month the manufacture of large bearings in Houston, and will consolidate those operations into facilities in South Carolina and elsewhere.
It is not immediately clear how many Houston employees will be affected, or whether RBC Bearings will continue other manufacturing operations in the city. RBC Bearings was not immediately available for comment.
RBC Bearings Houston is located at 7441 East Orem Dr., according to the company’s website.
The Oxford, Conn.-based manufacturer said in the March 1 statement the move will “result in a pre-tax charge of approximately $7.7 million and an after-tax charge of approximately $5.5 million in the fourth quarter of fiscal 2013.”
Overall, the company employs more than 2,000 and has 23 manufacturing plants in four countries, according to the statement. The company was founded in 1919 and manufactures roller and ball bearings for the defense and aerospace industries.