CHICAGO Timken Co. has
expanded its industrial services capabilities with the purchase
of Canadian gear manufacturer Standard Machine.
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
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).