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 the assets of American Roller. Bearing (ARB), an industrial bearing manufacturer based in North Carolina. ARB products complement the industry-leading portfolio of engineered Timken bearings. ARB has a large US installed base and a strong aftermarket business with over $30 million in sales in 2022.
        “ARB’s market portfolio, customer base and secondary market position are a great fit for our Timken business model,” said Richard Kyle, president and chief executive officer of Timken. “We are delighted to welcome ARB and its people to Timken.”
        ARB has approximately 190 employees and operates manufacturing facilities in Hiddenith and Morgantown, North Carolina. Prior to this transaction, three generations of the Sukkop family had owned and operated ARB since its founding in 1911.
        About Timken The Timken Company (NYSE: TKR; www.timken.com) develops a growing portfolio of engineered bearings and industrial motion products. Backed by over a century of knowledge and innovation, we continue to improve the reliability and efficiency of machinery and equipment around the world, moving the world forward. Timken has sales of $4.1 billion in 2021 and employs more than 18,000 people in 43 countries. Timken has been named America’s Most Responsible Company by Newsweek, the World’s Most Ethical Company® by Ethisphere, as well as one of America’s Top Employers, Forbes’ Top Recent Employer, and a Top Employer for Women.
        Safe Harbor Certain non-historical statements in this press release, including statements about the company’s forecasts, estimates, plans and expectations, are “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995. In particular, statements relating to expectations of the future financial performance of newly acquired businesses are forward-looking. The Company cautions that actual results could differ materially from those projected or implied in the forward-looking statements due to a variety of important factors, including: failure to successfully integrate newly acquired businesses into the company’s operations or to reach and acquire them; global conflicts and hostilities. Adverse effects of actions on the newly acquired business; Adverse developments in the markets served by the newly acquired business. Other factors are discussed in the company’s filings with the U.S. Securities and Exchange Commission, including the company’s Form 10-K annual report for the year ended December 31, 2021, its Form 10-Q quarterly reports, and its current Form 8 report. -K. Except as required by federal securities laws, 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.