Does RBC Bearings own Dodge?
Royal Bank of Canada operates physical branch locations and specialized banking offices throughout the United States, predominantly under its City National Bank subsidiary brand. While everyday consumer banking branches are not spread nationwide like domestic U.S. mega-banks, RBC provides extensive commercial banking, private wealth management, and corporate advisory services via numerous offices situated in key economic regions across the country.
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No, Dodge is no longer part of ABB. In July 2021, ABB sold its mechanical power transmission business, known as Dodge, to RBC Bearings in a deal valued at approximately $2.9 billion.