As of June 30, 2013, CEROBEAR GmbH becomes part of the NHBB/Minebea Group
CEROBEAR joins New Hampshire Ball Bearings, Inc. (NHBB) based in New Hampshire and benefits therefore from the advantages of a subsidiary – being independent but also being supported by a strong parent company.
NHBB is a leading manufacturer of precision bearings and complex bearing assemblies for the global aerospace, defense, and medical markets. It is a subsidiary of Minebea Co., Ltd., the world's leading vertically integrated manufacturer of miniature ball bearings
This strategic acquisition provides significant competitive advantages to both companies.
CEROBEAR gains access to the global manufacturing and marketing resources of NHBB and Minebea, enabling the company to rapidly expand its worldwide customer base in the aerospace, defense, and medical industries.
By partnering with CEROBEAR, whose core strength is ceramic technology development, NHBB is now able to assist its aerospace customers with the adoption of ceramic bearing technology in a wider range of aircraft applications.
CEROBEAR now becomes a part of the NHBB/myonic Business Unit and will operate as an independent subsidiary within the global manufacturing Minebea group.
Jens Wemhöner (left) and Gabriele Wemhöner (rights), managing directors, CEROBEAR GmbH, and Dan Lemieux, Vice President of Business Development and Marketing, New Hampshire Ball Bearings, Inc., after having signed the share purchase agreement on Wednesday, June 26, 2013 in Düsseldorf, Germany.