Announced
Completed
Financials
Sources
Tags
sealing solutions
Private
Netherlands
Specialty Chemicals
Majority
Completed
Acquisition
Cross Border
Friendly
Single Bidder
Synopsis
The Timken Company, an engineered bearings and industrial motion products maker, completed the acquisition of Lagersmit, a manufacturer of highly engineered sealing solutions. Financial terms were not disclosed. "Lagersmit adds engineered sealing products to our portfolio and strengthens our presence in the attractive marine market. The business serves leading propulsion manufacturers, ship owners, pump makers and other industrial customers around the globe that require advanced sealing systems. Lagersmit is a high-quality brand with premium products that are highly complementary to our existing portfolio," Christopher Coughlin, Timken Executive Vice President.
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.