Timken acquires repair services operation for nuclear and hydroelectric power generation customers
Canton, OH - The Timken Company is expanding its industrial services capabilities with the acquisition of assets from the Schulz Group, based in New Haven, CT.
Canton, OH – The Timken Company is expanding its industrial services capabilities with the acquisition of assets from the Schulz Group, based in New Haven, CT.
Schulz Group provides electric motor and generator repairs, motor rewinds, custom controls and panels, systems integration, pump services, machine rebuilds, hydro services and diagnostics for a broad range of commercial and industrial applications.
The company serves customers nationwide in the commercial nuclear power sector, as well as regionally in the hydro and fossil fuel market sectors, water management, paper and general manufacturing sectors in the New England and Mid-Atlantic regions.
In 2013, Schulz Group had full-year sales of about $18 million and employed 125 people.
“The acquisition of Schulz Group further advances our strategy to expand our capabilities and geographic reach,” said Carl D. Rapp, vice-president of power systems for Timken. “Schulz brings to our portfolio of services more than a century of motor experience and decades of unique application experience in the nuclear and hydro market sectors.” These new business activities become part of The Timken Company’s Process Industries segment.
The purchase includes assets from Maine Industrial Repair Services, Inc., based in Augusta, ME; Schulz Electric Company in New Haven, CT; S.E.C. Electrical, located in Braintree, MA; and Stultz Electric Motor & Controls of Portland, ME, which collectively operate as the Schulz Group.
With The Timken Company’s acquisitions of Philadelphia Gear, the Wazee Companies, Smith Services, Standard Machine, and the Schulz Group, the company now provides industrial services throughout North America.