M&A Deal Summary

Timken Acquires Carlstar Belts Business

On August 3, 2015, Timken acquired manufacturer Carlstar Belts Business from Carlstar Group

Acquisition Highlights
  • This is Timken’s 7th transaction in the Manufacturing sector.
  • This is Timken’s 16th transaction in the United States.
  • This is Timken’s 1st transaction in Missouri.

M&A Deal Summary
Date 2015-08-03
Target Carlstar Belts Business
Sector Manufacturing
Buyer(s) Timken
Sellers(s) Carlstar Group
Deal Type Divestiture

Target

Carlstar Belts Business

Springfield, Missouri, United States
Carlstar Belts supplies power transmission belts for industrial, commercial and consumer applications primarily in North America.

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Buyer(S) 1

Buyer

Timken

North Canton, Ohio, United States
Category Company
Founded 1899
Sector Machinery
Employees19,000
Revenue 4.8B USD (2023)
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 19 of 40
Sector (Manufacturing) 7 of 18
Type (Divestiture) 2 of 5
State (Missouri) 1 of 1
Country (United States) 16 of 28
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-18 Revolvo

Dudley, United Kingdom

Revolvo Ltd. is a global specialist of split roller housed unit bearing supplier, manufactures solid and SRB split roller bearings in sizes from 15mm bore to over 1500mm outside diameter. Recognized for its quality, technical expertise, design and production capacity to deliver special custom designed RPP precision products and obsolete size of inch and metric solid and roller bearings. Based in Dudley, U.K., Revolvo provides solutions for mining, food and beverage, pulp and paper, metals, cement, marine and waste water industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-21 Timken Alcor Aerospace Technologies

Mesa, Arizona, United States

Timken Alcor Aerospace Technologies, Inc. designs and supplies aftermarket parts to support businesses conducting maintenance, repair, and overhauls (MROs) in aerospace markets primarily located in North America.

Sell -

Seller(S) 1

SELLER

Carlstar Group

Franklin, Tennessee, United States
Category Company
Founded 1995
Sector Automotive
Employees2,600
Revenue 705M USD (2021)
DESCRIPTION

Carlstar Group is a producer of original equipment and aftermarket industrial belts, specialty tires and wheels for agriculture, construction, industry, outdoor power equipment, powersports, towables and trailers. Carlstar Group was founded in 1995 and is based in Franklin, Tennessee.

DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Divestiture) 1 of 1
State (Missouri) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
Mergr

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