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Sweden's SKF (OTCPK:SKFRY) buys U.S.-based Lincoln Industrial for $1B, giving the firm a larger...

Oct. 19, 2010 8:30 AM ETAB SKF (publ) (SKFRY) StockSKFRYBy: Rachael Granby, SA News Editor
Sweden's SKF (OTCPK:SKFRY) buys U.S.-based Lincoln Industrial for $1B, giving the firm a larger North American presence and adding almost $400M in annual sales. SKF also ups its financial forecasts, expecting increased orders in Q4 as markets get back to pre-crisis levels.

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