Timken Completes Sale of Belts Business to Gates
PR Newswire•28/09/2026•16:31 ET
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Divestiture improves profitability and increases company focus on core areas of expertise
NORTH CANTON, Ohio, Sept. 28, 2026 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com ), a leader in advanced motion technology, today announced the completion of the sale of its belts business assets to Gates Industrial Corporation Ltd. (NYSE: GTES). Financial terms of the transaction were not disclosed.
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