Shanghai 202303 feb 2010ap -- Timken Co. , a global leader in engineering bearings and

industrial transmission products, has acquired the assets of American Roller Bearing Co.

(ARB) , the company is a north carolina-based manufacturer of industrial bearings. Arb’s

products will join Timken’s industry-leading portfolio of engineering bearing solutions.

ARB has a large customer base and strong after-market business in the U. S. , with sales of

more than $30 million in 2022.

    Richard G. Smith, President and CEO of Timken, Inc. . Kyle said, “ARB’s end-of-market

mix, customer base and aftermarket positioning fit well with Timken’s business model. We

are proud to welcome ARB and its employees into the Timken family.”

   ARB employs about 190 people and has manufacturing facilities in Heidennett and

Morganton, North Carolina. Prior to the deal, ARB had been owned and operated by three

generations of Succop family since the company was founded in 1911.

   Timken used cash as a source of funding for the deal.

   About Timken

   With more than a century of innovation and knowledge, we continue to improve the

reliability and efficiency of machinery and equipment around the globe, and to advance the

world. Timken has 2021 sales of $4.1 billion and employs more than 18,000 people in 43

countries. Timken was named Newsweek’s most responsible company in the United States, the

Ethical Village Association’s most ethical business in the world, and Forbes’s best

American employer, best graduate employer, and best female employer.

   Timken Greater China is headquartered in Shanghai and provides bearings and industrial

drives for energy, aviation, rail, automotive, metallurgy, mining, cement and machine tool

industries. In Greater China, the company has more than 3,800 employees, offices at all

levels in 14 major cities, and has established 5 manufacturing bases for bearings and 3

manufacturing bases for industrial transmission products, and an industrial service center

and a number of logistics, engineering and technology centers. Timken is committed to

creating value and is actively involved in building and sustaining communities to make the

world a better place.

   Disclaimer

   The non-historical specific statements in this press release (including statements about

company forecasts, estimates, plans, and expectations) are“Forward-looking” statements

within the meaning of the private securities litigation Reform Act of 1995. In particular,

statements relating to the expected future financial performance of new acquisitions and

the company's existing operations are forward-looking. The company cautions that, due

to a variety of important factors, the actual results may differ significantly from those

predicted or implied in the forward-looking statements, these include: the inability to

successfully integrate newly acquired businesses into the operations of the company or to

achieve the desired synergies associated with acquisitions; and the negative impact of

global conflicts and hostilities on newly acquired businesses; And adverse changes in the

markets served by the new acquisitions. Other factors were discussed in the company’s SEC

filing, these include the company’s 10-K, 10-Q and 8-K 2021 for the year ended Dec. 31.

Except as required by federal securities laws, companies are not obligated to publicly

update or modify any forward-looking statements for new information, future events, or

other reasons.