Royal Bearing, Inc. Acquires Massive Bearing Inventory from the Sparrows Point Steel Mill

Portland, Ore. – April 16, 2013

Royal Bearing, Inc. (www.royalbearing.com), a leading wholesale supplier of industrial bearings with warehouses in Portland, Ore. and Livonia, Mich., announces that it has acquired the bearing inventory from the Point Steel Mill in Baltimore, Maryland. Purchased via a sealed bid sale were a broad range of genuine original bearings from manufacturers such as Timken, Fafnir, Sealmaster, McGill, NTN and SKF.

Formerly owned by Bethlehem Steel Corporation, the Point Steel Mill was opened in 1889 and was a landmark in Baltimore covering more than 3,400 acres and stretching for miles along the southeast edge of the Baltimore harbor. It employed more than 31,000 workers at one time. Over the years, the facility supplied steel for the Golden Gate Bridge, the Chesapeake Bay Bridge and hundreds of ships for World War II. After more than 100 years of operations by various owners including Mittal Steel, Severstal, and finally RG Steel, the mill is currently closed and in liquidation.

“We’re extremely pleased that we were successful in acquiring this bearing inventory,” said Clarence Hopkins, President of Royal Bearing Inc. “This massive inventory has been fully integrated into our existing bearing stock and is now available to our worldwide customer base.”

About Royal Bearing

Royal Bearing Inc., an independent reseller of bearings based in Portland, Oregon was founded in 1994. With over 250,000 line items in inventory, Royal is one of the largest wholesale suppliers of bearings for industrial and transportation applications of all types. Royal’s customers include distributors of bearings to forest products manufacturing, steel rolling mills, mining, shipping, automotive, agriculture, and petroleum production industries worldwide. The company sources its inventory worldwide and sells to international distributors, along with many independent local bearing resellers.

For more information, contact Erik Calhoun at 503-231-0992, or email the marketing department at marketing@royalbearing.com.

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