Announced
Completed
Financials
Sources
Tags
industrial machinery
United States
Machinery: Industrial
Majority
Private
Friendly
specialty filtration products
Acquisition
Domestic
Single Bidder
Completed
Synopsis
Timken, a provider of engineered bearings and industrial motion products, completed the acquisition of Des-Case, a Nashville-based manufacturer of specialty filtration products for industrial lubricants, from Industrial Growth Partners, for $125m. "Des-Case is a technical leader in branded filtration solutions that sit adjacent to our automatic lubrication systems. Des-Case is known for innovative products and services that improve equipment reliability, increase profitability and provide environmental benefits. By adding new products that complement our existing portfolio, this acquisition provides strong synergy opportunities, including cross-selling and international expansion," Christopher Coughlin, Timken Executive Vice President.
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