Greenbrier OKs sale of bearings unit to Timken
Mar 01, 2013 | 12:16 PM
| Frank Haflich
LOS ANGELES Greenbrier Cos. will sell its Kentucky roller bearings operation to Timken Co. and enter a long-term supply agreement with Timken for rail car wheel bearings.
The Lake Oswego, Ore.-based rail car and barge builder said it will sell substantially all the equipment used in its reconditioned wheelset roller bearings operation in Elizabethtown, Ky., to Timken. Under the supply agreement, the Canton, Ohio-based steel and bearings producer will supply Greenbrier with reconditioned and new bearings. ....
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