Timken Acquires PT Tech, Adding Industrial Clutches and Brakes
July 1, 2017
The Timken Company, a bearings and mechanical power transmission products manufacturer, has acquired the assets of PT Tech, Inc., a manufacturer of engineered clutches, brakes, hydraulic power take-off units and other torque management devices used in mining, aggregate, wood recycling and metals industries.
"We are pleased to add industrial clutches and brakes to Timken's growing portfolio of mechanical power transmission products," said Richard G. Kyle, Timken President and CEO. "This acquisition allows us to better serve our customers by offering a broader, more diverse package of products and services. The addition of PT Tech will also provide ample growth opportunities, as we leverage our portfolio to drive growth across complementary markets around the world."
For more information contact:
The Timken Company
4500 Mount Pleasant St NW
North Canton, OH 44720
234-262-3000
www.timken.com
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