✉news BusinessBusiness first seen 18 h ago, last 13 h ago, peak #6
Timken Completes Sale of Belts Business to Gates
Timken has completed the sale of its belts business to Gates. The deal closes out a divestment of Timken's belt drive product line, transferring ownership of that business to Gates. With the transaction finalized, Timken moves further toward focusing on its core engineered bearings and industrial motion products, while Gates adds belts capacity to its portfolio. Financial terms were not included in the announcement.
Why now: The completion of a notable industrial divestment is new business news.
Rank over time, top of the chart is #1. 5 snapshots from 18 h ago to 13 h ago.
Evidence
- Timken Completes Sale of Belts Business to Gates · PR Newswire
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