The Timken Company Completes Sale of Kilian(R) Bearings Business
23 Ottobre 2004 - 12:54AM
PR Newswire (US)
The Timken Company Completes Sale of Kilian(R) Bearings Business
CANTON, Ohio, Oct. 22 /PRNewswire-FirstCall/ -- The Timken Company
(NYSE:TKR) today completed its sale of the Kilian Manufacturing
Corporation and its affiliate, Kilian Canada ULC to an affiliate of
Genstar Capital, L.P., a private investment firm. (Logo:
http://www.newscom.com/cgi-bin/prnh/19991012/TKRLOGO ) Timken
announced the proposed sale on September 9. Kilian produces
machined-race bearings, including ball and roller bearings and
assemblies, for broad industrial and automotive applications and in
2003 had net sales of approximately $40 million. Founded in 1922,
Kilian employs 368 at manufacturing facilities in Syracuse, N.Y.
and Toronto, Canada. Its products are used in such diverse
applications as sliding and overhead doors, furniture, appliances,
conveyors and automotive steering. Kilian was acquired by The
Torrington Company in 1975. Timken acquired Torrington in 2003. The
Timken Company ( http://www.timken.com/ ) is a leading global
manufacturer of highly engineered bearings and alloy steels and a
provider of related products and services with operations in 27
countries. The company recorded 2003 sales of $3.8 billion and
employed approximately 26,000 at year-end. For Additional
Information: Denise Bowler, Manager - Associate & Financial
Communications, +1-330-471-3485, or Investors, Kevin R. Beck,
Manager - Investor Relations, +1-330-471-7181, both of The Timken
Company http://www.newscom.com/cgi-bin/prnh/19991012/TKRLOGO
http://photoarchive.ap.org/ DATASOURCE: The Timken Company CONTACT:
Denise Bowler, Manager - Associate & Financial Communications,
+1-330-471-3485, or Investors, Kevin R. Beck, Manager - Investor
Relations, +1-330-471-7181, both of The Timken Company Web site:
http://www.timken.com/ http://www.timken.com/media
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