Bearings Maker Timken Acquires Specialty Filtration Products Firm Des-Case
Portfolio Pulse from Shivani Kumaresan
The Timken Company (NYSE:TKR), a maker of engineered bearings and industrial motion products, has acquired Des-Case Corp., a manufacturer of specialty filtration products for industrial lubricants. The financial terms of the deal were not disclosed. Des-Case's revenue for 2023 is expected to be around $40 million. Timken funded the transaction with a combination of cash on hand and its existing revolving credit facility.
September 05, 2023 | 1:30 pm
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The Timken Company has acquired Des-Case Corp., which could potentially expand its product offerings and customer base. The financial impact of the deal on Timken is unclear as the terms were not disclosed.
The acquisition of Des-Case Corp. by The Timken Company could potentially expand Timken's product offerings and customer base, as Des-Case's products are sold through many of the same distributors that carry Timken's products. This could lead to increased sales and revenue for Timken in the future. However, the financial impact of the deal on Timken is unclear as the terms were not disclosed.
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