CHICAGO Timken Co. has expanded its industrial services capabilities with the purchase of Canadian gear manufacturer Standard Machine.
The Saskatoon, Saskatchewan-based company, which services such industrial sectors as mining, oil and gas, pulp and paper, reported sales of $31 million in 2012.
"The acquisition of Standard Machine advances our strategy to expand our industrial services capabilities," Carl D. Rapp, Timkens vice president of industrial services, said in a statement May 13. "As a respected power transmission company in Canada, Standard Machine provides Timken with a great location and robust gear-making and machining skills, which differentiates them in key target market sectors."
Greg Porter, president and chief executive officer of Standard Machine, will lead the business in Canada on behalf of Timkens industrial services group.
Canton, Ohio-based Timken added to its industrial services business earlier this year by acquiring the assets of Princeton, W.Va.-based Smith Services Inc., as well as Denver-based Wazee Companies LLC (amm.com, Jan. 2).