The Timken Co. has acquired Plymouth, UK-based Interlube Systems. Interlube manufactures and markets automated lubrication delivery systems and related components.
Interlube has an operation in Dayton, OH, and a joint venture in Zhuhai, China. It has sales of approximately $13 million in 2012 and employs 90. The purchase also includes MSP Distributors Ltd., based in Cheltenham, U.K., and acquired by Interlube in 2007, which designs, installs and repairs lubrication systems.
Terms of the sale were not disclosed.
“We’re pleased to have Interlube join the Timken team,” said Michael J. Connors, vice president of distribution for Timken. “The management team brings a wealth of experience and established customer relationships, and their automated lubrication delivery systems certainly complement the Timken portfolio of power transmission products.”
Interlube focuses on critical applications where an automated lubrication system can help extend up-time and reduce maintenance costs for end users, Timken said. Interlube also brings Timken access to new channels that serve key end-user markets.
“Their expertise and quality product line, coupled with our global reach and market access, will allow us to grow market share for Interlube products,” Connors added, “as well as expose new market space for existing Timken applications.”