The Timken Company, engineering bearings and power transmission products, has reached an agreement to acquire BEKA Lubrication, a supplier of automatic lubrication systems, for approximately $165 million. The company serves a diverse range of industrial sectors including wind, food and beverage, rail, on and off highway and other process industries. BEKA sales are expected to be around $135 million for the full year 2019.
Family owned and operated since its founding in 1927, BEKA is headquartered in Pegnitz, Germany. The company employs approximately 900 people.
Published in the December 2019 Edition