Advertisement
Timken Acquires Des-Case For Undisclosed Terms
(RTTNews) - The Timken Co. (TKR) announced Tuesday it has acquired Nashville, Tennessee-based Des-Case Corp., a manufacturer of specialty filtration products for industrial lubricants. Terms of the deal were not disclosed.
Founded in 1983, Des-Case serves customers across a variety of industrial end markets. Its revenue for the calendar year 2023 is expected to be around $40 million.
The vast majority of Des-Case products are consumables with a highly repetitive buying cycle that are sold through many of the same distributors that carry Timken's bearings and other products.
Des-Case employs approximately 120 people and operates manufacturing facilities in Tennessee and the Netherlands.
Timken funded the transaction with a combination of cash on hand and its existing revolving credit facility.
Timken Acquires Lagersmit For Undisclosed Terms
Timken To Acquire Engineered Solutions Group For Undisclosed Terms
Timken Guides FY23 In Line With View; Q4 Adj. EPS Tops Estimates
TSX Settles Roughly Flat
Euro Climbs Against Most Majors
Swiss Market Ends Slightly Down
European Stocks Close Weak As Tariff Concerns Weigh On Sentiment
