NORTH CANTON, OH — The Timken Company, a global provider of engineered bearings and power transmission products, has completed its previously announced acquisition of BEKA Lubrication (BEKA), a global supplier of automatic lubrication systems, for approximately $165 million.
Founded in 1927, BEKA is a leading global supplier of automatic lubrication systems, serving a diverse range of industrial sectors including wind, food and beverage, rail, on- and off-highway and other process industries. BEKA sales are expected to be approximately $135 million for the full year 2019.
This acquisition positions Timken as the world's second-largest producer of industrial automatic lubrication systems, which extend equipment life and improve reliability over manual lubrication methods, reduce the environmental impact caused by over-lubricating and lower total costs for equipment and machine owners.
Timken posted $3.6 billion in sales in 2018 and employs more than 18,000 people globally, operating from 35 countries.