Press Release: Lovejoy : Timken Acquires Lovejoy, Inc.; Expanding Product Portfolio to Include Industrial Couplings & Universal Joints

NORTH CANTON, Ohio, July 8, 2016 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), the world leader in tapered roller bearings, today announced that it has acquired Lovejoy, Inc., a manufacturer of premium industrial couplings and universal joints, for approximately $66 million. F