Timken Company Acquires Rollon Group
The Timken Company, an engineered bearings and power transmission products company, has reached an agreement to acquire Rollon Group from Chequers Capital and IGI Private Equity.
Rollon specializes in the design and manufacture of linear guides, telescopic rails and linear actuators used in industries such as passenger rail, aerospace, packaging and logistics, medical and automation.
“The acquisition of Rollon will further expand the Timken portfolio of leading industrial brands, allowing us to serve existing and new customers in attractive, high-growth end markets around the world,” said Richard G. Kyle, President and CEO, Timken. “Like Timken, Rollon is an expert in motion technology and is recognized for developing customized linear motion products for their customers’ application challenges. With its proven operating model and value proposition, Rollon will open up exciting new growth opportunities for the company.”
Rollon has manufacturing operations in Italy, Germany and the United States. It has an extensive sales and engineering network around the world to serve its global customer base.
Rollon’s linear motion product line complements other Timken brands. With this acquisition, Timken continues its strategy to diversify its portfolio with products and services that also include bearings, gear drives, chain, belts, couplings, automated lubrication systems, industrial clutches and brakes, and a variety of related industrial services.
The transaction, which is subject to customary regulatory approvals, is expected to close in late September 2018 and will be funded with debt.