The Timken Company Completes the Acquisition of GGB Corporation

In the global engineered bearing and industrial transmission products industry, The Timken Company (NYSE: TKR; www.timken.com) has completed its previously announced acquisition of GGB Corporation.

Founded in 1899, GGB Corporation serves a wide variety of customers, markets, regions and applications, and its product portfolio complements Timken's industry-leading existing engineered bearing solutions. GGB's fiscal 2022 sales are expected to reach $200 million. With manufacturing facilities in the U.S., Europe and China, GGB currently employs approximately 900 people and has a global engineering, distribution and sales footprint.

GGB Corporation is a global technology and market in the field of high-quality engineered metal-polymer plain bearings, with outstanding expertise in materials science, surface engineering and tribology. The company's tribological solutions in plain bearing coatings complement Timken's leadership in rolling bearings. GGB's products are primarily used in industrial applications including pumps and compressors, HVAC, off-road equipment, energy, material handling and aerospace.