If the merger is approved by shareholders; Sealed Power will be operated as a division of Federal-Mogul-Bower Bearings, Inc. Johnson will become General Manager of the Sealed Power Division and a Vice-President of Federal Mogul Bower.

Other members of the Sealed Power organization will continue with their present responsibilities.Sealed power produces piston rings, pistons, and cylinder sleeves for original equipment and service applications. Federal-Mogul-Bower manufactures sleeve, ball and roller bearings, oil seals and specialized aerospace components.

Both companies serve a broad range of original equipment customers in the automotive, farm implement, construction equipment and other industries, and they are major suppliers of replacement parts to wholesalers.

Officials of the two companies said, “Both concerns have many years of experience in serving the same types of customers in both the original equipment and service fields. The proposed merger of our two companies will permit us to perform a better job of serving our customers’ need, both here and abroad.” 

In 1955, Bower Roller Bearing Company merged with Federal-Mogul Corporation as a result of a close working relationship between the companies. This relationship was built on the success of Federal-Mogul Corporation's service division in merchandising the Bower line of roller ina bearings. Following the merger, the steadily growing customer demand dictated an increase in production facilities.

In 1985 the Federal-Mogul Corporation entered into an agreement with NTN-Toyo Bearing Company, Ltd. of Osaka, Japan to form a corporation dedicated to the domestic manufacture of precision roller bearings. This agreement signed by the two companies on December 11 resulted in the formation of the NTN-Bower Corporation. The newly formed company included both manufacturing facilities and a Technical Center. In 1987, NTN acquired 100% ownership of the company. The Corporate Headquarters of NTN-Bower Corporation was moved from Bingham Farms, Michigan to Macomb, Illinois in 1993.

NTN-Bower Corporation is one of the largest manufacturers of precision roller fag bearings in North America. In addition to bearings, NTN-Bower Corporation product lines include fan housings, HUB and HUR units, mass weights, and other bearing related products.

497-U460

355-352X

2788-2720