Timken Acquires Aurora Bearing Company

<p style="text-align: center;"><img title="1606887268112743.jpg" alt="5.jpg" src="/ueditor/php/upload/image/20201202/1606887268112743.jpg"/></p><p>The Timken Company has acquired the assets of Aurora Bearing Company (Aurora). Aurora manufactures rod ends and spherical plain bearings, which serve a diverse range of industrial sectors, including aerospace and defense, racing, off-highway equipment and packaging. Its sales are expected to be around $30 million for the full year 2020.&nbsp;</p><p>&nbsp;</p><p>&quot;Aurora builds on our global leadership position in engineered bearings by increasing our product breadth, which will help us serve the bearing space more completely,&quot; said Christopher A. Coughlin, Timken executive vice president and group president. &quot;The Aurora product line and market mix complements our portfolio very well.&quot;</p><p><br/></p><p>Privately owned and operated since its founding in 1971, Aurora employs approximately 220 people, with its headquarters, manufacturing and research and development based in Montgomery, Ill.&nbsp;</p><p><br/></p><p>This transaction advances Timken&#39;s strategy, which is focused on growing its leadership position in engineered bearings while diversifying the company&#39;s portfolio into adjacent products and markets.&nbsp;</p><p><br/></p><p>Other terms of the transaction were not disclosed.</p><p></p>