M&A Deal Summary

Timken Acquires Diamond Drives

On April 1, 2019, Timken acquired manufacturer Diamond Drives from Amsted Industries

Acquisition Highlights
  • This is Timken’s 11th transaction in the Manufacturing sector.
  • This is Timken’s 22nd transaction in the United States.
  • This is Timken’s 1st transaction in Indiana.

M&A Deal Summary
Date 2019-04-01
Target Diamond Drives
Sector Manufacturing
Buyer(s) Timken
Sellers(s) Amsted Industries
Deal Type Divestiture

Target

Diamond Drives

Indianapolis, Indiana, United States
website
Diamond Drives is a manufacturer of roller chain, carefully designing, fabricating, and assembling each component so that the finished product exceeds both industry standards and customer expectations. Diamond Drives was founded in 1890 and is based in Indianapolis, Indiana.

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Buyer(S) 1

Buyer

Timken

North Canton, Ohio, United States

website

Category Company
Founded 1899
Sector Machinery
Employees17,000
Revenue 4.5B USD (2022)
DESCRIPTION
Entrance to Timken's corporate headquarters in North Canton, Ohio.
Entrance to Timken's corporate headquarters in North Canton, Ohio.

Timken designs, engineers, manufactures and markets Timken bearings, transmissions, gearboxes, chain and related products, and offers a spectrum of power system rebuild and repair services around the world. Timken was founded in 1899 and is based in North Canton, Ohio.

DEAL STATS #
Overall 28 of 39
Sector (Manufacturing) 11 of 17
Type (Divestiture) 4 of 5
State (Indiana) 1 of 1
Country (United States) 22 of 27
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-27 Rollon

Milan, Italy

Rollon S.p.A. is a manufacturer of linear guide systems for industrial automation; with various applications notably in robotics, logistics, medical equipment and air or rail transport. Company developed in the field of medium precision linear guide applications, producing components or systems customised to suit the needs of more than 5,000 industrial clients. The company started expanding directly outside of Italy from 1991 and has since built a direct presence in Europe and the US.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-16 BEKA Lubrication

Mississauga, Ontario, Canada

BEKA Lubrication, Inc. is a provider of automatic lubrication systems. The company serves a diverse range of industrial sectors including wind, food and beverage, rail, on- and off-highway and other process industries. BEKA Lubrication is based in Mississauga, Canada.

Buy $165M

Seller(S) 1

SELLER

Amsted Industries

Chicago, Illinois, United States

website

Category Company
Founded 1902
Sector Diversified
DESCRIPTION

Amsted Industries, Inc. is a diversified manufacturer of industrial components serving primarily the railroad, vehicular, and construction and building markets.

DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Divestiture) 1 of 1
State (Indiana) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-08-01 Varlen

Naperville, Illinois, United States

Varlen Corp. is a manufacturer of engineered products and components for transportation and laboratory equipment markets.

Buy $790M
Mergr

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