St. Louis, May 20, 2025 - ESCO Technologies Inc. has announced a definitive agreement to sell VACCO Industries to RBC Bearings Incorporated. The transaction is expected to bring in gross cash proceeds of $310 million, subject to customary regulatory approvals and post-closing adjustments. The divestiture of VACCO, a key supplier of mission-critical solutions, aligns with ESCO's strategy to focus on core high-growth end-markets. The proceeds from the sale are intended to be used for debt reduction related to a recent acquisition in the maritime sector.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Esco Technologies Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9454918-en) on May 20, 2025, and is solely responsible for the information contained therein.