Timken Completes Acquisition of GGB Bearings
Time：08 Nov,2022
<p style="text-align: center;"><img src="/ueditor/php/upload/image/20221108/1667897611114830.png" title="1667897611114830.png" alt="2.png"/></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 14px;">The Timken Company has completed its previously announced acquisition of GGB Bearings.</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 14px;"><br/></span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 14px;">Founded in 1899, GGB Bearings serves a variety of diverse customers, markets, geographies and applications with a product portfolio that complements existing Timken industry-leading engineered bearing solutions. GGB Bearings' revenue is expected to be around $200 million in fiscal year 2022. With manufacturing facilities across the United States, Europe and China, GGB Bearings employs approximately 900 people and has a global engineering, distribution and sales footprint. </span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 14px;"><br/></span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 14px;">GGB Bearings is a global technology and market leader of premium engineered metal-polymer plain bearings with expertise in material science, surface engineering and tribology. Its tribology solutions in plain bearing coatings complement Timken's leading positions in roller and <a href="https://www.wswbearings.com/products/ball-bearings/534.html" target="_blank" style="color: rgb(0, 112, 192); text-decoration: underline;"><span style="font-family: arial, helvetica, sans-serif; font-size: 14px; color: rgb(0, 112, 192);"><strong>ball bearings</strong></span></a>. GGB Bearings' products are used mainly in industrial applications, including pumps and compressors, HVAC, off-highway, energy, material handling and aerospace.</span></p><p><br/></p>
