NEW YORK Timken Co. has purchased Interlube Systems
Ltd. as part of its continued push to diversify into new
markets, the steel and bearings manufacturer said.
Interlubewhich is based in Plymouth, England, and has
an operation in Dayton, Ohio, and a joint venture in
Chinaproduces automated lubrication delivery systems
and related components for a variety of end-use sectors,
including commercial vehicles, construction, mining, and
heavy and general industries, Timken said. The acquisition
also includes Interlube subsidiary MSP Distributors Ltd.,
based in Cheltenham, England, which designs, installs and
repairs lubrication systems.
The purchase will complement Timkens existing power
transmission products portfolio, as well as provide new
expansion areas for the company, it said.
Their expertise and quality product line, coupled with
our global reach and market access, will allow us to grow
market share for Interlube products, as well as expose new
market space for existing Timken applications, Timken
vice president of distribution Michael J. Connors said in a
Interlube posted 2012 sales of about $13 million, Canton,
Ohio-based Timken said.