WOODEX BEARING COMPANY

Woodex began life early in the 20th century in Wakefield, Massachusetts, as a trademark of The Neveroil Bearing Company, which described Neveroil's oil-impregnated wood bearings. Later renamed The Wakefield Corporation, the company transitioned to powdered metal fabrication, and the Woodex trademark and shop were sold in 1966. Relocated to Robinhood, Maine, the shop became Woodex Bearing Company, Inc. In 1980, after a change of ownership, Woodex moved to its current location on the Bay Point Road in Georgetown, Maine... Employing thirty three people, Woodex manufactures oil-impregnated wood bearings and MECO Shaft Seals. Our fully-equipped plant blends manually-operated, conventional machine tools with modern, numerically-controlled equipment in a 17,000 square foot manufacturing facility. In January, 2011, Woodex transitoned to an Employee Stock Ownership Plan (ESOP). This transfer of ownership to the employees via the ESOP generated the fifth "set" of owners of Woodex since it's..

Also known as: Woodex Bearing Company, Inc.