SKF said it had signed an agreement to acquire New York-based General Bearing Corporation (GBC) – owner of The General and Hyatt brands – for around US$125m on a cash and debt free basis.

“GBC has very successfully developed their business serving the automotive and heavy duty markets in the US utilising their factories in China,” said SKF president and CEO Tom Johnstone.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

“The acquisition of GBC is fully in line with our strategy to develop our product offering with complementary brands enabling us to better serve these important markets.”

General Bearing will operate as an independent subsidiary within the SKF Group. SKF also owns with the Peer brand acquired in 2008.

Just Auto Excellence Awards - Nominations Closed

Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Continental has secured the Window Displays Innovation Award in the 2025 Just Auto Excellence Awards for its Window Projection solution, transforming side windows into dynamic, data-rich canvases. Discover how this compact projection technology and intelligent software are reshaping in-car UX and opening fresh revenue streams for OEMs and mobility providers.

Discover the Impact