Expanding the Timken Power Transmission Portfolio: Carlstar Belts August 3, 2015
Carlstar Belts Business* A leading North American supplier, Key Metrics* (M) offering power transmission belts for industrial, commercial and consumer Revenue 140 applications Adj. EBITDA 22 Portfolio features more than 20,000…
Strategic Rationale Aligns well with Timken strategy and business model Broadens Timken power transmission products offering Leverages Timken channel strength and customer access Creates significant synergy opportunities…
Building Out Our Power Transmission Offering Timken Power Transmission Portfolio Housed Chain & Gears & Lubrication Units Augers Belts Services Systems 5
Financial Summary Transaction Highlights Synergy Drivers Purchase price of 220M Leverage Timken and Carlstar Funded with cash and debt customer relationships and distribution channels to drive Transaction structure results in…
Portfolio Transformation Building for Growth Electric motor Carlstar Belts repair, related services, up-tower wind maintenance Electric motor and repair Industrial gear Electric motor repair and drive and repair repair and…