Timken Reports Divestiture Of TWB Bearings Business In China; Terms Of The Deal Were Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Timken has announced the divestiture of its TWB Bearings business in China. The terms of the deal were not disclosed. In 2022, TWB posted revenue of approximately $40 million.
October 26, 2023 | 9:15 pm
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Timken has divested its TWB Bearings business in China. This could potentially impact the company's future revenue streams.
The divestiture of TWB Bearings, which posted a revenue of $40 million in 2022, could potentially reduce Timken's future revenue streams. However, the impact will depend on the undisclosed terms of the deal.
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