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Published on 12/21/2023 in the Prospect News Bank Loan Daily.

Timken uses revolver borrowings to support Lagersmit acquisition

By Marisa Wong

Los Angeles, Dec. 21 – Timken Co. used its existing revolving credit facility and cash on hand to acquire Lagersmit, according to a press release.

Timken is a North Canton, Ohio-based designer of engineered bearings and industrial motion products. Lagersmit is a Netherlands-based manufacturer of highly engineered sealing products for marine, dredging, water, tidal energy and other industrial applications.


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