Timken acquires Interlube Systems
The Timken Company announced its acquisition of Interlube Systems Ltd., which makes and markets automated lubrication delivery systems and related components.
The company serves end market sectors including commercial vehicles, construction, mining, and heavy and general industries.
With 2012 sales of approximately $13 million and 90 employees, Interlube is based in Plymouth, U.K., 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."
Interlube also brings Timken access to new channels that serve key end user markets.
"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."
INDUSTRIAL SUPPLY MAGAZINE
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