Timken Acquires American Roller Bearing Company

February 1, 2023

The Timken Company has acquired the assets of American Roller Bearing Company (ARB), a North Carolina-based manufacturer of industrial bearings that generated more than $30 million in sales in 2022. The asset purchase brings ARB's installed base, aftermarket business and two manufacturing facilities in Hiddenite and Morganton, North Carolina into Timken; the Succop family, which founded and owned ARB, sold the business.

Buyers
The Timken Company
Targets
American Roller Bearing Company
Sellers
Succop family
Industry
Manufacturing
Location
North Carolina, United States
Transaction Type
Buyout

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