TKR - Mergers and acquisitions

NORTH CANTON, Ohio, Sept. 5, 2023 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global leader in engineered bearings and industrial motion products, has acquired Des-Case Corp., a Nashville, Tenn.-based manufacturer of specialty filtration products for industrial lubricants. Founded in 1983, the company serves customers across a variety of industrial end markets. Des-Case's revenue for the calendar year 2023 is expected to be around $40 million.   "Des-Case is a technical leader in branded filtration solutions that sit adjacent to our automatic lubrication

NORTH CANTON, Ohio, Feb. 1, 2023 /PRNewswire/ -- The Timken Company (NYSE:TKR, www.timken.com))), a global industrial leader in engineered bearings and industrial motion products, has acquired the assets of American Roller Bearing Company (ARB), a North Carolina-based manufacturer of industrial bearings. ARB's offerings join Timken's industry-leading portfolio of engineered bearing solutions. ARB, which boasts a large U.S. installed base and strong aftermarket business, generated sales of more than $30 million in 2022. "ARB's end-market mix, customer base and aftermarket posi

NORTH CANTON, Ohio, Aug. 20, 2021 /PRNewswire/ -- The Timken Company (NYSE:TKR), a global industrial leader in engineered bearings and power transmission products, has acquired Intelligent Machine Solutions (iMS), a manufacturer of industrial robotics and automation solutions. The addition of iMS expands and complements Timken's Rollon® linear motion product range with larger and heavy-duty applications, such as seventh-axis robotic transfer units (RTUs) and gantry systems. iMS, which was founded in 2008, is based in Norton Shores, Michigan, in the United States. The company,

NORTH CANTON, Ohio, Feb. 4, 2021 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a world leader in engineered bearings and power transmission products, today reported fourth-quarter 2020 sales of $891.7 million, down 0.5 percent from the same period a year ago, as the net impact of lower demand offset the favorable impact of acquisitions, currency translation and pricing. Timken posted net income of $53.1 million or $0.69 per diluted share in the fourth quarter, versus net income of $113.5 million or $1.48 per diluted share for the same period a year ago. The year-over-year decrease in GAAP net income was primarily driven by the net unfavorable impact of special items (det