Timken Strengthens Industrial Motion Portfolio Through Des-Case Acquisition

The Timken Company (NYSE: TKR), a global leader in engineered bearings and industrial motion products, has announced its acquisition of Des-Case Corp., a Nashville-based manufacturer specializing in filtration products for industrial lubricants. Founded in 1983, Des-Case serves various industrial sectors, and it is expected to generate approximately $40 million in revenue in 2023.

Des-Case is recognized for its innovative filtration solutions that complement Timken’s automatic lubrication systems. This acquisition opens up opportunities for synergy, such as cross-selling and international expansion. Des-Case’s product range includes breathers, filter elements, condition monitoring, lubrication storage, and filter systems, all of which play a crucial role in improving equipment reliability, reducing downtime, and extending the lifespan of customer systems.

Des-Case employs around 120 individuals and operates manufacturing facilities in both Tennessee and the Netherlands. The acquisition was funded through a combination of cash reserves and Timken’s existing revolving credit facility.

Timken, with over a century of experience and innovation, designs and manufactures engineered bearings and industrial motion products. In 2022, the company achieved $4.5 billion in sales and has a global workforce of more than 19,000 employees across 46 countries. Timken has received recognition as one of America’s Most Responsible Companies, World’s Most Ethical Companies, America’s Most Innovative Companies, and America’s Best Large Employers by various prestigious organizations.

Take a look at other companies in the metals space by exploring Mark Reichman’s coverage list.

Leave a Reply