Divestiture • Manufacturing

Timken Acquires Diamond Drives

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

Acquisition Context
  • 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.

Explore All 652 Divestiture Manufacturing Deals - Search the Database Free


M&A Deal Summary

Date April 1, 2019
Target Diamond Drives
Sector Manufacturing
Buyer(s) Timken
Sellers(s) Amsted Industries
Deal Type Divestiture

Target Company

Diamond Drives

Indianapolis, Indiana, United States
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.
Explore More Deals

Browse All 215,156 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Buyer Overview 1

Buyer

Timken

North Canton, Ohio, United States

Category Company
Founded 1899
Sector Machinery
Employees19,000
Revenue 4.6B USD (2024)
DESCRIPTION
Timken's corporate headquarters in North Canton, Ohio.
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 Context for Buyer #
Overall 28 of 40
Sector: Manufacturing 11 of 18
Type: Divestiture 4 of 5
State: Indiana 1 of 1
Country: United States 22 of 28
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 Profile 1

SELLER

Amsted Industries

Chicago, Illinois, United States

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 Context for Seller #
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