Business Services Industry
Eugene, Ore., Factory Changes Hands in European Conglomerate Deal.
Knight Ridder/Tribune Business News, October, 2003
The Register-Guard, Eugene, Ore. Knight Ridder/Tribune Business News
Oct. 8--As part of a $822 million European transaction, a small Eugene manufacturing company has changed hands. Orkot Composites, which makes polymer bearings for aerospace and other industries at its 2535 Prairie Road factory, is now owned by Swedish conglomerate Trelleborg AB.
Trelleborg bought Orkot and a number of other precision seal firms from London-based Smiths Group PLC in the deal that closed Oct. 1.
Orkot, established in Eugene in 1990, has about 20 employees at its local factory. Under the large new owners, the Eugene factory may be able to boost sales, said Dan Gaskill, the plant's manager. Orkot is a tiny unit of 21,000-employee Trelleborg, and the...
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