PR Newswire
NORTH CANTON, Ohio, Sept. 4, 2018
NORTH CANTON, Ohio, Sept. 4, 2018 /PRNewswire/ -- The
Timken Company (NYSE: TKR; www.timken.com), a global leader
in engineered bearings and power transmission products, today announced that on Sept. 1, 2018 it
completed the previously announced acquisition of Cone Drive, a leader in precision drives used in diverse markets including
solar, automation, aerial platforms, and food and beverage.
Cone Drive is headquartered in Traverse City, Mich., and has manufacturing operations in
the United States and China. The company has a global customer
base and employs approximately 500 people. The business produces a broad range of highly customizable precision drive products
that include Cone Drive® and H-Fang® branded high-torque worm gears, harmonic solutions and precision slew
drives.
About The Timken Company
The Timken Company (NYSE: TKR; www.timken.com) engineers,
manufactures and markets bearings, gear drives, automated lubrication systems, belts, chain, couplings and related products, and
offers a spectrum of powertrain rebuild and repair services. The leading authority on tapered roller bearings, Timken today
applies its deep knowledge of metallurgy, tribology and power transmission across a variety of bearings and related systems to
improve the reliability and efficiency of machinery and equipment all around the world. The company's growing product and
services portfolio features many strong industrial brands including Timken®, Fafnir®, Philadelphia
Gear®, Groeneveld®, Drives® and Lovejoy®. Known for its quality products and
collaborative technical sales model, Timken posted $3 billion in sales in 2017. With more than
16,000 employees operating from 33 countries, Timken makes the world more productive and keeps industry in motion.
Media Relations:
234.262.3514
mediarelations@timken.com
Investor Relations:
Jason Hershiser
234.262.7101
jason.hershiser@timken.com
View original content with multimedia:http://www.prnewswire.com/news-releases/timken-completes-acquisition-of-cone-drive-300705538.html
SOURCE The Timken Company