Timken acquires Standard Machine
The Timken Company acquired the Standard Machine business based in Saskatoon, Saskatchewan, Canada.
Standard Machine provides new gearboxes, gearbox service and repair, open gearing, large fabrication, machining and field technical services to end users in Canada and the western United States. The company, which employs 125 people, serves a wide variety of industrial sectors including mining, oil and gas, pulp and paper. In 2012, Standard Machine reported sales of approximately $31 million.
"The acquisition of Standard Machine further advances our strategy to expand our industrial services capabilities," said Carl D. Rapp, vice president of industrial services for Timken. "As a respected power transmission company in Canada, Standard Machine provides Timken with a great location and robust gear-making and machining skills, which differentiates them in key target market sectors."
Rapp added, "Standard Machine's location near energy and mineral resources, coupled with their strong technical team and service culture, provide an excellent platform to drive long-term growth in our business."
The addition of Standard Machine expands the company's gearbox and bearing repair services into Canada. Greg Porter, president and CEO of Standard Machine, will lead the business in Canada on behalf of the industrial services group within The Timken Company's Process Industries segment.
Earlier this year, Timken acquired the assets of Wazee Companies LLC, headquartered in Denver, Colo., and Smith Services Inc., based in Princeton, W.Va., as part of the company's plan to expand its industrial services capabilities.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
