Timken Purchases Drives LLC For $92 Million

By Chemical Processing Staff

Oct 17, 2011

The Timken Company completed its purchase of drive-chain manufacturer Drives LLC for $92 million, Timken said Oct. 3.

The Drives acquisition further diversifies Timken into power transmission and mechanical motion and broadens the company’s overall technology offering to customers, said Christopher Coughlin, president of Timken's Process Industries segment. 

Drives LLC produces highly engineered drive-chains, roller-chains and conveyor augers for the mobile and industrial machinery sectors.

Fulton, Ill.-based Drives has 430 employees in North America and sales of approximately $100 million.

For more information, visit http://www.timken.com.

Show Comments
Hide Comments

Join the discussion

We welcome your thoughtful comments.
All comments will display your user name.

Want to participate in the discussion?

Register for free

Log in for complete access.


No one has commented on this page yet.

RSS feed for comments on this page | RSS feed for all comments