|The Timken Company announced it has signed an agreement to sell the assets of its Needle Roller Bearings business, which primarily serves customers in the automotive original-equipment sector, to Japan's JTEKT Corporation.
The agreement is subject to customary regulatory approvals and certain closing conditions.
The Needle Roller Bearings business was part of the broader Torrington acquisition Timken made in 2003. The business has approximately 3,400 associates and manufactures highly engineered needle roller bearings, including an extensive range of radial and thrust needle roller bearings, as well as bearing assemblies and loose needles, for automotive and industrial applications. Facilities included in the agreement are:
North America: Cairo, GA; Dahlonega, GA; Sylvania, GA; Greenville, SC; Walhalla, SC and Bedford, Quebec, Canada.
Europe: Brno and Olomouc, Czech Republic; Maromme, Moult and Vierzon, France; Kuensebeck, Germany and Bilbao, Spain.
Asia: LiYuan District, China.