Timken Corporation to sell Kilian facilities
Timken Corporation has recently announced that it has signed an agreement to sell Kilian
Manufacturing Corporation and its affiliate Kilian
Canada ULC to an affiliate of Genstar Capital LP and the members of Kilian management team.
Kilian produces various kinds of bearings used in
automotive and other industries.
Kilian reported net sales of $40 million in 2003. Kilian was acquired by Torrington Company in 1975 and Timken acquired Torrington Company in 2003.