Timken acquires American Roller Bearing Co.
The Timken Co., maker of engineered bearings and industrial motion products, has acquired the assets of American Roller Bearing Co. (ARB), a North Carolina-based manufacturer of industrial bearings.
ARB, which boasts a large U.S. installed base and strong aftermarket business, generated sales of more than $30 million in 2022.
"ARB's end-market mix, customer base and aftermarket position fit our Timken business model extremely well," said Richard G. Kyle, Timken president and chief executive officer. "We're proud to welcome ARB and its employees into The Timken Company."
ARB employs approximately 190 people and operates manufacturing facilities in Hiddenite and Morganton, N.C. Prior to this transaction, three generations of the Succop family owned and operated ARB since its founding in 1911.
Timken funded the transaction with cash on hand.
INDUSTRIAL SUPPLY MAGAZINE
The November/December issue of Industrial Supply magazine features an in-depth cover story about Kimball Midwest. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and Mike Marks, as well as interviews with numerous product and distribution industry experts.
