Fersa Bearings adquire 100% da PFI Bearings

Fersa Bearings acquires 100% of PFI Bearings

Grupo Fersa officially announced the purchase of 100% of the North American company PFI Group, Inc., controller of Perfect Fit Industries (PFI Bearings). With the acquisition, Spanish multinational bearing specialist Fersa intends to strengthen its global distribution strategy in the aftermarket for light vehicles and diversify its product range. The acquisition ceremony took place on February 14, 2022 in the presence of Carlos Oehling, CEO of Fersa Group, and PFI founder John Philip Cali.

“With this acquisition, Fersa completes an operation that deepens its diversification strategy and increases its international presence with its own subsidiaries”, states Pedro Pablo Andreu, Operations Director of the Fersa Group. The acquisition consolidates the growth of the Spanish business group, adding a new brand to its range of bearing solutions, which until now consisted of three other commercial brands: Fersa Bearings for the automotive sector, NKE Austria for the industrial and wind sectors and A&S for the agricultural sector. The group does not rule out adding new brands and companies to its portfolio in the near future, says Andreu.

“Fersa has taken another step in its strategy of growth, diversification and global presence”, says Andreu. “The acquisition particularly strengthens the group’s presence in the aftermarket sector, expanding our commercial infrastructure in Latin America, Australia and Europe as part of an internationalization commitment that Fersa Bearings began ten years ago.” Since then, the company has evolved to become a specialist in high-performance bearings, not only for the aftermarket but also for OEMs and Tier 1s. “Although PFI continues to operate independently, the acquisition generates synergies and strategically strengthens the Fersa Group, which demonstrates its clear intention to continue on the growth path to reach a turnover of 138 million euros in 2022”, says Andreu. The Fersa Group closed 2021 with a turnover of 105 million euros and a growth of 19% compared to 2020.

PFI Bearings is based in Florida, USA and was founded over 25 years ago. The company's focus is on automotive replacement bearings for light commercial vehicles. In this sector, PFI has a strong reputation and recognition. Products are designed in the USA. With a workforce of 70 employees, PFI had 2021 revenues of $16.8 million. The products are distributed in more than 70 countries, with its own distribution centers in Argentina, Australia, Bolivia, Brazil, Chile, Colombia, the Netherlands, Mexico, China and Turkey.

Grupo Fersa is a multinational company based in Zaragoza, Spain, specializing in the design, manufacture and distribution of high-performance bearings for the OEM, Tier 1 and aftermarket sectors of automotive, industrial and energy applications. With a global workforce of 600 employees, the Fersa Group supports and serves customers in more than 100 countries with four manufacturing centers, 16 distribution centers and three research and development centers across five continents.

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