The Timken Company has acquired Standard Machine, provider of new gearboxes, gearbox service and repair, machining, field technical services and other services to customers in Canada and the western United States. The company services firms in the mining, oil and gas, and pulp and paper industries.
Standard Machine, founded in 1967, is based in Saskatoon, Saskatchewan. The firm has 125 employees and reported sales of about $31 million in 2012.
Terms of the purchase were not announced.
The acquisition of Standard Machine further advances our strategy to expand our industrial services capabilities," said Carl D. Rapp, vice president of industrial services for Timken. "As a respected power transmission company in Canada, Standard Machine provides Timken with a great location and robust gear-making and machining skills, which differentiates them in key target market sectors," Rapp added,
The addition of Standard Machine expands the company's gearbox and bearing repair services into Canada. Greg Porter, president and CEO of Standard Machine, will lead the business in Canada on behalf of the industrial services group within The Timken Company's Process Industries segment.
Earlier this year, Timken acquired the assets of Wazee Companies, LLC, headquartered in Denver, Colo., and Smith Services, Inc., based in Princeton, W.Va., as part of the company's plan to expand its industrial services capabilities