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SKF Canada to acquire Hoffman Engineering N.A.


September 11, 2014
By Rock to Road

September 11, 2014, Scarborough, Ont. – SKF Canada Ltd and
Hofmann Engineering, Australia together with other minority owners, have
entered into agreement that SKF acquire Hofmann Engineering North America.

September 11, 2014, Scarborough, Ont. – SKF Canada Ltd and
Hofmann Engineering, Australia together with other minority owners, have
entered into agreement that SKF acquire Hofmann Engineering North America.

 

Dan Reed, President of SKF Regional Sales and Service, North
America, explains, “Hofmann Engineering North America is a great fit with our
strategy and activities. They have a strong product and service portfolio and
skilled staff. The complementary nature of their products and technologies will
enable us to even better serve our customers in the industrial market in North
America. “

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Hofmann Engineering North America is a high precision
machining operation located in Cambridge, ON in a 50,000 sq ft facility and has
16 employees.  It is currently servicing
mainly OEM customers handling large components. Main offers include:

 

          Large pinion
and gear solutions

          Precision
grinding

          Custom
engineering projects

 

A great addition to SKF Solution Factory initiative

SKF Solution Factories is a global SKF initiative to bring
people, services and technology together to deliver custom solutions. This
acquisition will add to current SKF Solution Factory capabilities and enable
SKF to better serve
customers in primarily Mining, Metals and Pulp and Paper industries in North
America with a more complete product and service portfolio.