March 30th, 2016 :: GRW ball bearings are victorious again
And again, the vocational school (BBS) Pirmasens defends their title of the Southwest Champion in the competition "Formula 1 in Schools".
As already in the past two years, the students of the BBS are successful with their self-made miniature racing car. The new team "Petrol BullS" was able to leave their opponents behind and won the coveted title as well as the special prizes for "Best Team Booth", "Best Portfolio" and "Best Vehicle Design". Regarding the construction of the little racing car, the students used sponsored ball bearings by GRW.
With the titles of the Southwest- and Rheinland-Pfalz-Champion and the three special prizes, the team is now ready for the German Championship in Potsdam. We wish a great success and maximum performance!
GRW Gebr. Reinfurt GmbH & Co. KG announces sale
November 9, 2015 :: GRW Gebr. Reinfurt GmbH & Co. KG announces completion of the sale of the GRW Group (GRW) to KAMAN Aerospace Group Inc
Rimpar, Germany, November 13, 2015 – GRW has announced that on November 9, 2015 Avedon Capital Partners (Avedon) and KAMAN Aerospace Group Inc. (KAMAN) signed an agreement under which KAMAN will take over the GRW Group.
Michael Ludwig, GRW MD and Group CEO, had this to say about the completion of sale and the future owner: “In KAMAN, GRW has found not just a new owner, but also a strong partner with outstanding future prospects that is committed to a long-term growth strategy for the Rimpar (Germany) and Prachatice (Czech Republic) plants. With its technically advanced products and expertise, GRW is in a position to provide excellent support for KAMAN’s plans for growth in this field. GRW’s products, production sites and distribution channels are the ideal addition and complement to KAMAN’s range.”
Headquartered in Rimpar, Germany, since 1942 GRW has been manufacturing high-precision miniature ball bearings for technically demanding applications and a wide range of industrial applications. According to information provided by the company, GRW is expecting consolidated sales of around EUR 48 million for the 2015 business year.
The future owner, US company KAMAN Corporation (NYSE:KAMN), was founded in 1945 in Bloomfield, CT (USA). The KAMAN Corporation is active in the aerospace business as well as in industrial commercial dealing. The corporation has a global workforce of approximately 5,000, with annual turnover of around USD 2 billion.
Kaman Chairman, President & CEO, Neal Keating said: “GRW will be a great addition to our specialty bearing and engineered products lines, and adds additional scale and new market segments to our most profitable product lines.
“As with our current bearing manufacturing businesses, Kamatics Corporation and RWG Germany GmbH, GRW is focused on developing and manufacturing technology driven products with unsurpassed quality.” stated Gregory Steiner, President, Kaman Aerospace Group.
Since 2008, GRW has been owned by investor partnership Avedon Capital Partners, a private equity manager specializing in the financing of mid-sized companies with good growth prospects. Alexis Weege and Hannes Hinteregger, Avedon Capital Partners commented: “We are very excited about this transaction and would like to thank management and all employees for the hard work over the past years. We believe that GRW under its new ownership will be able to further capitalize on its outstanding position in the high precision, miniature ball bearing market and will benefit from Kaman’s strong distribution channels to further grow its international presence, in particular in the US.”
September 22nd, 2014 :: Change in management
With immediate effect Dr. Wend von Wietersheim, managing director (CFO) of the GRW-group and Gebr. Reinfurt GmbH & Co. KG located in Rimpar, resigned from the company and is no longer a member of the board of management.
Since May of this year Dr. von Wietersheim has been CFO of the company, which established and proved its leading position in the global market for development, manufacturing and marketing of high precision miniature ball bearing solutions.
Rimpar, September 19, 2014
Spokesman of the board of management / CEO
September 15th, 2014 :: GRW is proud to announce
GRW High Precision Bearings is proud to announce Ted Gentile as our National Sales Manager. Mr. Gentile brings a wealth of experience to our US Team, with over 24 years in the bearing industry. As National Sales Manager, Mr. Gentile will bring his vast Marketing and Sales knowledge to support our new and existing customers, as well as our US Team. We look forward to working with Mr. Gentile’s leadership, know-how and a get it done attitude. He will be working in both of our Virginia and Utah offices.
Juily 08th, 2014 :: GRW flew its flag for the CIMES 2014 in Beijing
China International Machine Tool & Tools Exhibition 2014 (CIMES 2014) is a truly global machine tool trading and sourcing platform held in the world’s biggest machine tool market – China.
Together with SGM GRW participated for the first time at this important show.
As a premium provider for High Precision Ball Bearings GRW represents diverse fields like aerospace and aviation, medical equipment and other industrial applications.
Excellent qualifications to intensify already existing contacts as well to make new ones.
May 12th - 13th, 2014 :: GRW held basic seminar for UIKER Antriebselemente AG
This was an exclusive opportunity for the participants to discuss all aspects of high-precision ball bearings, exchanging expertise and using it for professional development.
For some time now GRW initiade and organizes seminars such like that in order to receive best possible consluting expertise for his customers.
April 14th, 2014 :: GRW as integral part of the BIT = profession information day
Repeatedly GRW presented itself to numerous visitors at the Berufsinformationstag (BIT = profession information day) at the S. Oliver Arena in Würzburg on March 29, 2014.
Again there was sufficient opportunity to obtain specific information about vocational education at GRW. – Together with their trainers the trainees of the two apprenticed professions “Industriekaufmann/-frau” (industrial business management assistant) and “Industriemechaniker/-in” (certified industrial mechanic) were ready to answer to the numerous questions of the visitors. Brochures and many product samples provided a comprehensive insight in the vocational education at GRW.
Our conclusion: This year again the participation in the BIT was characterized by many interesting discussions and consequently we see it as a complete success.
March 11th, 2014 :: GRW Trade Fair Follow Up
At almost the same time GRW participated in three trade fairs held on three different Continents.
Together with our international sales partners GRW presented themselves at the “Southern Manufacturing” (United Kingdom), “SEMICON” (South Korea) and the “Pacific Design & Manufacturing” (USA). The topics were correspondingly varying and wide-ranging – however one feature was of great importance with all events: to establish important contacts and interchange new ideas and concepts.
Already at the end of March GRW will be present at the next Trade Fair the “Design & Manufacturing New England” in Boston, Massachusetts.
February 03th, 2014 :: Important change of Management
With effect from 03. February Harald Kroeger is no longer member of the executive Board and left the company.
Alongside with Klaus Bonaventura COO, CCO and Speaker of Management Mr. Ludwig forms the Management supported by the well-known and competent Management Team of GRW.