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Timken Acquires Alcor Engine Co.
CANTON, Ohio -- The Timken Co. has acquired the assets of Alcor Engine Co. Inc., and its affiliate, Advance Repair Technologies Inc., officials reported earlier today. Terms were not disclosed.Alcor is a producer of direct replacement parts for gas turbine engines and components used in the aviation industry. Located in Gilbert, Ariz., Alcor manufactures and repairs a broad range of components used in turbine engine power plants. Alcor also provides specialized repair and restoration services through its proprietary technologies. The company currently employs 22 aviation-trained specialists, and additional growth is expected.The newly formed subsidiary is called Timken Alcor Aerospace Technologies Inc. It will continue to operate under existing leadership at its current location as part of Timken Aerospace."This strategic acquisition represents a strong growth opportunity through the significant expansion in our capabilities and product base as we move to deliver increased value to the aviation industry," says J. Ron Menning, vice president-aerospace and defense at Timken. "The addition of the Alcor product lines expands our ability to grow beyond bearings and deliver innovative solutions through complex products, integrated sub-systems and services to aviation customers.""Alcor's core customers will benefit from Timken resources and market presence," adds Barry Stonehouse, general manager, Timken Alcor Aerospace Technologies. "Direct access to Timken friction management technology and Timken research located in Canton, Ohio, will help us strengthen product performance and expand our ability to serve the market."Timken Aerospace, a subsidiary of The Timken Co., offers a comprehensive line of products and services. Timken Aerospace products are found in aircraft engines, gearboxes, helicopter transmissions, auxiliary power units, landing wheels, airframes and instrumentation.Visit The Timken Co.: www.timken.com"