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New Deal


Announced

Completed

Timken completed the acquisition of Des-Case from Industrial Growth Partners for $125m.

Financials

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Transaction Value£99m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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industrial machinery

United States

Machinery: Industrial

Majority

Private

Friendly

specialty filtration products

Acquisition

Domestic

Single Bidder

Completed

Synopsis

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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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