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The Suburbanite
  • Timken adds another service company

  • Timken said it has purchased Smith Services, an industrial service company based in Princeton, W.Va.

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  • Timken Co. is continuing efforts to expand its service business.
    The company announced Friday that it has acquired the assets of Smith Services Inc., based in Princeton, W.Va. Terms of the deal weren’t revealed.
    It’s the fourth service business added by Timken in recent months. In March, the company announced it bought Interlube Systems based in Plymouth, England, with operations in Dayton and Zhuhai, China. Timken struck a deal to buy the wheelset roller-bearing business of Greenbrier Cos. in February, and announced the addition of Wazee Cos. in January.
    Carl Rapp, vice president of Timken Industrial Services, said adding Smith Services gives the company additional motor repair services. Timken also adds a regional service center where it can grow its existing gearbox and bearing repair services. Wazee is a regional repair business based in Denver.
    “Our strategy for growth includes building additional industrial services capabilities, both geographically and through the addition of skill sets that are complementary to our gearbox and bearing competencies,” Rapp said.
    Smith’s operations will become part of Timken’s Process Industries segment.
    The company brings Timken “an excellent reputation in the region,” as well as an experienced management team and skilled labor force, Rapp said. The Princeton facility is centered in an industrial territory and should allow Timken to expand.
    Founded in 1981, Smith Services has grown to more than 140 employees and customers in seven states. The company posted sales of about $17 million last year.
    Smith Services repairs and rewinds electric motors in the 200 to 3,500 horsepower range and conducts on-site diagnostic assessments and repairs. It also handles other mechanical equipment repairs, primarily relating to pumps, fans and blowers. Markets include power generation, petrochemical, paper, steel, nuclear and mining.