Fairport Products purchased the Auburn Ball Bearing product line from M. D. Knowlton Company in August of 2006. Since that time the companies have been known as two separate entities – Fairport Products and Auburn Ball Bearing. Now the two will become one company known as Auburn Bearing & Manufacturing. The business product offering, services, location and employees remain the same; only the name is changing. Owner Peter Schroth comments, "We have developed a solid reputation in both the ball bearing and machining industries under each entity, but felt that the updated name fully reflects the capabilities of our business as a whole."