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The Timken Co. (NYSE: TKR), North Canton, OH, has acquired EDT Corp., a Vancouver, WA-based manufacturer of polymer housed units and stainless steel ball bearings used by the food and beverage industry. Terms were not disclosed.
"We see this acquisition as an excellent strategic fit, allowing Timken to simultaneously build on the inherent strengths of the EDT team and leverage our expanded marketplace offering, thereby increasing our presence in the food and beverage segment," said Chris Coughlin, group president for Timken.