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Automotive Aftermarket Manufacturing

Timken Completes Drives LLC Acquisition

Addition of drive chain maker further expands Timken power transmission portfolio for diverse industrial applications; product offering to be expanded globally.

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CANTON, Ohio — The Timken Co. announced it has completed the $92 million acquisition of Drives LLC, a leading manufacturer of highly engineered drive-chains, roller-chains and conveyor augers for the mobile and industrial machinery sectors.

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With 12-month sales of approximately $100 million, Fulton, Ill.-based Drives has 430 employees in North America. Its engineered products are vital to a wide range of mobile and industrial machinery applications, including agriculture; oil and gas; aggregate and mining; primary metals; forest products; and other heavy industries. Also attractive to Timken is the firm’s strength in the food and beverage and packaged goods sectors, which require high-end, specialty products such as stainless-steel and corrosion-resistant roller chains.

The Drives acquisition is expected to be accretive to Timken earnings in its first full year with the company; financial results will be reported proportionally between the company’s Mobile and Process Industries segments.  

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