Timken completes acquisition of QM Bearings and Power

Wednesday, 22 September 2010 12:12:26 (GMT+3)   |  
       

Ohio, US-based manufacturing company Timken Company announced on September 21 that it has completed the acquisition of QM Bearings and Power Transmission, Incorporated, based in Ferndale, Washington.

According to a Timken statement, that location, as well as manufacturing facilities in Prince George, British Columbia, and Wuxi, China, along with distribution facilities in Ontario, Texas, and Cuyahoga Falls, Ohio, will become part of the ‘Process Industries' segment of Timken's Bearings and Power Transmission Group.

The addition of spherical roller-bearing steel-housed units and elastomeric and steel couplings expands Timken's capabilities beyond its existing, core lines for especially demanding applications such as sawmill and cement operations, Timken said.

QM has approximately 100 employees in the United States, Canada and China, and posted sales of more than $14 million for the 12-month period through June 30, 2010.


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