SKF sells non-core aerospace business in the U.S. to Carco PRP

STOCKHOLM, Aug 18 (Reuters) – Swedish bearings maker SKF (SKFb.ST),  said on Monday it had agreed to sell its non-core aerospace operation in Elgin in the U.S. to Carco PRP Group for a total estimated enterprise value of $70 million.

SKF said in a statement the sale of the precision elastomeric device (PED) operation is part a strategy to focus on its core aerospace areas and exit non-strategic business lines.