NORTH CANTON, Ohio, Feb. 1, 2023 /PRNewswire/ — The Timken Company (NYSE: TKR; www.timken.com), a global leader in bearings and industrial motion products, has acquired American Roller Bearing Asset Company ( ARB). ) is an industrial bearing manufacturer located in North Carolina. ARB products complement Timken’s industry-leading portfolio of specialty bearings. ARB has a large installed base and a strong presence in the U.S. aftermarket, with 2022 sales expected to exceed $30 million.
        “ARB’s end-market portfolio, customer base and aftermarket position are a perfect fit for our Timken business model,” said Richard G. Kyle, president and chief executive officer of The Timken Company. “We are honored to welcome ARB and its employees to Timken.”
        ARB has approximately 190 employees and manufacturing facilities in Hiddenite and Morganton, North Carolina. Since the company’s founding in 1911, three generations of the Succop family have owned and operated ARB.
        About Timken The Timken Company (NYSE: TKR; www.timken.com) develops a growing line of specialty bearings and products for industrial motion. With more than a century of knowledge and innovation, we continue to improve the reliability and efficiency of machines and equipment around the world and move the world forward. Timken had 2021 sales of $4.1 billion and more than 18,000 employees in 43 countries. The Timken Company has been named “America’s Most Responsible Company” by Newsweek, one of the “World’s Most Ethical Companies®” by Ethisphere, and one of “America’s Best Employers” and “America’s Best Employers” by Forbes. ” and “The best employers for women.”
        Safe Harbor Certain statements in this press release that are not historical in nature (including statements regarding the Company’s forecasts, estimates, plans and expectations) constitute “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that relate to expectations regarding the expected future financial performance of a newly acquired business are forward-looking statements. The Company cautions that actual results may differ materially from those projected or implied in the forward-looking statements due to a number of important factors, including the failure to successfully integrate newly acquired businesses into the Company’s operations or to achieve results that are not the same as expected synergies. absorption; global conflicts and hostilities negatively impacting newly acquired businesses; adverse changes in the markets served by newly acquired businesses. Additional factors are discussed in the company’s filings with the Securities and Exchange Commission, including the company’s Annual Report on Form 10-K for the year ended December 31, 2021, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by federal securities laws.
       The Timken Company (NYSE: TKR; www.timken.com), a global leader in bearings and industrial motion products, has acquired Lagersmit…
       The Timken Company (NYSE: TKR; www.timken.com), a global leader in bearings and industrial drive products, has been recognized…