SKF and the owners of the French company SNFA S.A.S have signed a Memorandum of Understanding related to the acquisition by SKF of 100% of the shares of SNFA. SNFA is a leading manufacturer of bearings for aerospace and machine tool applications. In 2004 SNFA sales were 73,1 MEuro with an operating result of approximately 10 MEuro. The number of employees is approximately 700. Slightly more than half of SNFA's business is attributable to aerospace applications.
SNFA has one manufacturing plant for aerospace bearings located at Valenciennes, outside Paris, employing some 425 people and two plants for manufacturing of high
SNFA has one manufacturing plant for aerospace bearings located at Valenciennes, outside Paris, employing some 425 people and two plants for manufacturing of high
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