Canton, Ohio-based The Timken Company announced Monday the continued expansion of its industrial services capabilities with the acquisition of the Standard Machine business based in Saskatoon, Saskatchewan, Canada. Standard Machine provides new gearboxes, gearbox service and repair, open gearing, large fabrication, machining and field technical services to end users in Canada and the western United States.
The company serves a wide variety of industrial sectors including mining, oil and gas, pulp and paper.In 2012, Standard Machine reported sales of approximately $31 million.
"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."
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, Colorado and Smith Services, Inc., based in Princeton, West Virginia, as part of the company's plan to expand its industrial services capabilities.
