The Timken Company, a producer of engineered bearings and industrial motion products, acquired the assets of American Roller Bearing Company (ARB), a North Carolina-based manufacturer of industrial bearings. ARB's offerings join Timken's industry-leading portfolio of engineered bearing solutions. ARB, which boasts a large U.S. installed base and strong aftermarket business, generated sales of more than $30 million in 2022.
"ARB's end-market mix, customer base and aftermarket position fit our Timken business model extremely well," says Richard G. Kyle, Timken president and chief executive officer. "We're proud to welcome ARB and its employees into The Timken Company."
ARB employs approximately 190 people and operates manufacturing facilities in Hiddenite and Morganton, N.C. Prior to this transaction, three generations of the Succop family owned and operated ARB since its founding in 1911.
Timken funded the transaction with cash on hand.