The Timken Co. recently announced the acquisition of Interlube Systems, which makes and markets automated lubrication delivery systems and related components to end-market sectors including commercial vehicles, construction, mining, and heavy and general industries.
Based in Plymouth, U.K., with an operation in Dayton, Ohio, and a joint venture in Zhuhai, China, Interlube reported 2012 sales of approximately $13 million along with 90 employees. The purchase also includes MSP Distributors of Cheltenham, U.K., which designs, installs and repairs lubrication systems and was acquired by Interlube in 2007.
"We're pleased to have Interlube join the Timken team," said Michael J. Connors, vice president of distribution for Timken. "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."
The acquisition is part of Timken's growth strategy, which has included adding a number of new products and services over the past two years such as roller drive chain, gearbox repair and motor rewind services.
Interlube focuses on critical applications where an automated lubrication system can help extend uptime and reduce maintenance costs for end users. 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 as well as expose new market space for existing Timken applications," Connors added.
With sales of $5 billion in 2012 and approximately 20,000 people operating from 30 countries, Timken engineers, manufactures and markets mechanical components and high-performance steel. For more information, visit www.timken.com.