Timken Has Acquired Des-case, A Nashville, Tenn.-based Manufacturer Of Specialty Filtration Products For Industrial Lubricants. Des-case's Revenue For CY 2023 Is Expected To Be Around $40M. Deal Terms Were Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Timken has acquired Des-case, a manufacturer of specialty filtration products for industrial lubricants. Des-case's revenue for CY 2023 is expected to be around $40M. The deal was funded with a combination of cash on hand and Timken's existing revolving credit facility.
September 05, 2023 | 10:59 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Timken's acquisition of Des-case could potentially boost its revenue stream, given Des-case's projected $40M revenue for CY 2023.
The acquisition of Des-case by Timken is expected to contribute to its revenue stream, given Des-case's projected revenue of $40M for CY 2023. This could potentially have a positive impact on Timken's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100