Timken completed the acquisition of GGB Bearing Technology from EnPro Industries for $305m.

Timken, a provider of engineered bearings and industrial motion products, completed the acquisition of GGB Bearing Technology, a provider of self-lubricating, prelubricated plain bearings and tribological polymer coating for various industries and applications, from EnPro Industries, an industrial technology company, for $305m. “The sale of GGB marks a significant milestone in our transformation to create a streamlined organization focused on our AST and Sealing Technologies segments, positioning Enpro for compelling growth. The sale also provides us with enhanced financial flexibility to expand our leading-edge capabilities in attractive end markets. On behalf of my Enpro colleagues, I thank the GGB team for their contributions to our company and wish them continued success in their next chapter as part of Timken," Eric Vaillancourt, Enpro President and CEO.