TIMKEN acquisition of QM company, increasing product lines

 Shanghai Electric Timken Bearing Company - USA, Inc. today announced an agreement to acquire Timken QM Bearings and Power Transmission Co., Ltd., the new product line will serve as QM Timken's recently released E-Series product line useful complement Timken Company expects The transaction will be completed in the fourth quarter of 2010, the specific terms of the transaction undisclosed. Here are Timken bearings distributor in China reported.
QM Bearings and Power Transmission Co., Ltd. was founded in 1951, initially serving regional sawmills and logging industry customers. Since then the company began to design and manufacture bearing products to meet often in harsh environments logging equipment. QM seat belt manufactured steel spherical roller bearings, elastic and steel couplings used, such as sawn timber harvesting processing industry and other harsh conditions of the processing industry. Last year, QM company's sales revenue totaled more than 14 million U.S. dollars.
  The acquisition reflects Timken's philosophy has always been committed, namely: To extend the life of mechanical products offer customers a broader range of friction management and power transmission solutions. QM company complies with the acquisition of The Timken Company's development strategy, both to strengthen the company's penetration in the field of high-performance applications, but also in the original core business of Timken bearings further extends beyond powertrain business strength, increase product lines.
 Timken processing equipment industry, said Chris Coughlin, president, "QM new products to our existing product line, a very good complement Timken emphasis on the distribution business will further boost its access to the global aftermarket business channels. QM new product its reliable, high value-added product line enables us to provide customers with processing equipment industry, a richer selection of high performance products. "
The acquisition will review the relevant government and regulatory authorities become effective upon approval and completion of the acquisition is expected after the first full year of gains. QM new product line will serve as Timken recently released E-Series product line a useful supplement and strengthen the company seat belt Roller bearing business brand position and to forestry and other mechanical properties of the product and durability have more high demand in the industry to provide more products and services.