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The Timken Company (NYSE: TKR), Canton, OH, continues to expand its industrial services capabilities, announcing that the company has acquired Smith Services Inc., based in Princeton, WV.
In 2012, Smith Services reported sales of $17 million. The 140 Smith Services employees provide electric motor repair and field technical services to end-users across seven states in the region, serving a markets that include power generation, petrochemical, paper, steel, nuclear and mining.
Carl Rapp, vice president of Timken Industrial Services, expects the acquisition to bring the company additional motor repair services as well as a new regional service center location from which to grow its existing gearbox and bearing repair services. Last year, Timken acquired Wazee Companies, LLC, another regional repair company headquartered in Denver, CO.
"Our strategy for growth includes building additional industrial services capabilities, both geographically and through the addition of skill sets that are complementary to our gearbox and bearing competencies," Rapp said.
These new business activities become part of The Timken Company's Process Industries segment.
Smith Services operates from an 180,000-square-foot facility. The business repairs and rewinds electric motors in the 200 to 3,500 horsepower range and conducts on-site diagnostic assessments and repairs. Smith Services also performs other mechanical equipment repairs, primarily relating to pumps, fan and blowers.