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The Timken Co. (NYSE: TKR), Canton, Ohio, has completed the previously announced acquisition of BEKA Lubrication, Pegnitz, Germany,a leading global supplier of automatic lubrication systems, for $165 million.
BEKA serves a diverse range of industrial sectors including wind, food and beverage, rail, on- and off-highway and other process industries. BEKA sales are expected to be
This acquisition positions Timken as the world's second largest producer of industrial automatic lubrication systems, which extend equipment life and improve reliability over manual lubrication methods, reduce the environmental impact caused by over-lubricating and lower total costs for equipment and machine owners.