Fourth-quarter sales increased 18.8 percent year-over-year.
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The transaction will further expand Timken's global reach.
Purchase of manufacturer expands Timken's presence in automatic lubrication systems space.
Purchase increases company's portfolio of mechanical power transmission products.
Rebucci will lead the newly acquired industrial clutches and brakes business.
Fourth quarter sales decreased 8.3 percent year-over-year.
Current senior vice president and corporate controller, J. Ted Mihaila, will retire Dec. 1.
Year-to-date sales down 6.4 percent year-over-year.
Company appoints Mathew Happach to be president of newly acquired company.
Process industries sales for the quarter decreased 9 percent.
Fourth quarter sales decreased 6.2 percent year-over-year.
New facility strengthens company's footprint in Europe.
Year-to-date sales down 6.7 percent year-over-year.
Acquisition of belts manufacturer expands company's product portfolio.