Timken Acquires Lovejoy Inc.
NORTH CANTON, Ohio, July 8, 2016 /PRNewswire/ — The Timken Company, the world leader in tapered roller bearings, today announced that it has acquired Lovejoy, Inc., a manufacturer of premium industrial couplings and universal joints, for approximately $66 million. For the 12 months ending March 31, 2016, Lovejoy sales were approximately $56 million. “The acquisition…
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