JACKSON TWP., Ohio (News Talk 1480 WHBC) – By acquisition, a local company is expanding its market share in its primary product
The Timken Company is acquiring the assets of a French-based firm that manufacturers engineered bearings and motion products.
The Jackson Township-based company is buying GBB Bearing Technology.
The company is a division of Enpro, which says it’s a $305 million deal.
GBB is expected to bring in $200 million in revenue this year,
The company has operations in the U.S., Europe and China.