Timken Purchasing Netherlands-Based Firm
December 22, 2023 9:50AM EST
Courtesy Timken Company
JACKSON TWP., Ohio (News Talk 1480 WHBC) – The portfolio of companies under the Timken umbrella gets a little larger.
The Jackson Township-based firm is purchasing Lagersmit.
That’s a manufacturer of sealing solutions for demanding industrial applications like marine, tidal energy and more.
It’s a company based in the Netherlands.
The company is expected to generate $40 million in revenue in 2023, according to Timken.