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Timken Announces Acquisition to Extend Its Process Industries Portfolio

The Timken Company today announced it has agreed to acquire the business of QM Bearings and Power Transmission, Incorporated, based in Ferndale, Washington. QM manufactures spherical roller bearing steel housed units and elastomeric and steel couplings used in demanding processes such as sawmill and logging operations.

The addition of QM aligns with Timken's strategy to expand its penetration in high-performance applications and extend its power transmission capabilities beyond the company's original, core bearing business. The acquisition is part of the company's continuing effort to provide customers with a wider breadth of friction management and power transmission solutions for the life of their machinery. <?xml:namespace prefix = o />

QM's product offering will complement Timken's recently released Type E product line. It will strengthen the presence of the Timken brand in the roller housed unit category and provide an additional offering for markets such as forestry, which require high-performance, durable products.

QM Bearings and Power Transmission was founded in 1951 as a manufacturer serving area sawmill and logging customers.  The company then began to design and manufacture bearings that could withstand the harsh operating conditions common to logging equipment. In the past 12 months, QM posted sales of more than $14 million.

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