Timken Acquires American Roller Bearing Company
<p style="text-align: center;"><img src="/ueditor/php/upload/image/20230207/1675757339138149.jpg" title="1675757339138149.jpg" alt="4.jpg"/></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 14px;">The Timken Company has acquired the assets of American Roller Bearing Company (ARB), a North Carolina-based manufacturer of industrial <a href="https://www.wswbearings.com/products/catalogue.html" target="_blank" style="color: rgb(0, 112, 192); text-decoration: underline;"><span style="font-family: arial, helvetica, sans-serif; font-size: 14px; color: rgb(0, 112, 192);"><strong>bearings</strong></span></a>. 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.</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 14px;"><br/></span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 14px;">"ARB's end-market mix, customer base and aftermarket position fit our Timken business model extremely well," said Richard G. Kyle, Timken president and chief executive officer. "We're proud to welcome ARB and its employees into The Timken Company."</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 14px;"><br/></span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 14px;">ARB employs approximately 190 people and operates manufacturing facilities in Hiddenite and Morganton, N.C. Prior to this transaction, three generations of the Succop family owned and operated ARB since its founding in 1911. </span></p><p><br/></p>
07 Feb,2023
