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The Oxfordshire bearings specialist, Bowman International, has bought Midlands-based John Handley Bearings which sells products from Thomson Industries, Cooper Bearings and NSK Linear. The acquisition gives Bowman a stock-holding facility in the Midlands for its ranges of plain bearings, which include the BowMet, Oillite and Oilless brands.
¡°John Handley is a well-respected and established family-run business, which offers a range of high-quality linear bearings, split bearings and rod ends,¡± says Bowman International¡¯s managing director, Paul Mitchell. ¡°These products complement our existing portfolio and together we have identified many positive synergies between our two companies ¨C including a customer-centred approach to innovation and a long-standing commitment to service and quality.¡±
The acquired business, which has a 50-year history, will be rebranded John Handley Bearings, a division of Bowman International. Stock availability will be improved and the business will get a new Web site and promotional activity. Bowman envisages moving the new division to larger premises to accommodate improvements in logistical capacity and supply chain management, resulting in a faster, more reactive supply of products to much of the UK.
¡°The time is right for our business to seek the strength and financial backing of a larger company and we feel reassured by Bowman¡¯s commitment to retaining the John Handley Bearings identity,¡± says the company¡¯s commercial director, Lucie Tate-Harris. ¡°Our technical partners and customers are supportive of the acquisition and we are confident that together we can enjoy further growth of our respective businesses.¡±
-2017 China(Guangzhou) Int¡¯l Bearing and Equipment Exhibition
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