Timken Buys Lube System Specialist
Continuing its global growth strategy, the Timken Co. announced it has acquired Interlube Systems Ltd., a U.K. manufacturer of automated lubrication delivery systems and related components for commercial vehicles, construction and mining equipment and other industries. No financial details were provided.
With 2012 sales of approximately $13 million and 90 employees, Interlube is based in Plymouth, U.K., and has an operation in Dayton, Ohio, and a joint venture in Zhuhai, China. The purchase also includes MSP Distributors Ltd., based in Cheltenham, U.K., and acquired by Interlube in 2007, which designs, installs and repairs lubrication systems.
"We're pleased to have Interlube join the Timken team," said Michael J. Connors, vice president of distribution for Timken, in making the announcement. "The management team brings a wealth of experience and established customer relationships, and their automated lubrication delivery systems certainly complement the Timken portfolio of power transmission products."
As part of its growth plan, Timken has been steadily adding to its product portfolio. During the past two years, Timken has added a number of new products and services, including roller drive chain, gearbox repair and motor rewind services.
"Their expertise and quality product line, coupled with our global reach and market access, will allow us to grow market share for Interlube products," Connors added, "as well as expose new market space for existing Timken applications."