Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers Paydowns > Headlines for Alto Paraná SA > News item |
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.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.