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Timken buys Plymouth-based lubrication specialist Interlube

18 March, 2013

The US mechanical components company Timken has bought Plymouth-based Interlube Systems for an undisclosed sum. Interlube, which makes and sells automated lubrication delivery systems and related components, is a world leader in its field with an operation in the US and a joint venture in China. The purchase includes Cheltenham-based MSP Distributors, which Interlube acquired in 2007.

Interlube employs 90 people and turned over around £8.7m in 2012. It focuses on critical applications where automated lubrication systems can help to extend up-time and cut maintenance costs. Interlube brings Timken access to new channels that serve key end-user markets.

As part of its growth strategy, Timken has been expanding its product portfolio and it sees Interlube as fitting in with its bearing product lines and recent power transmission acquisitions. Over the past two years, Timken has added several new products and services, including roller drive chain, gearbox repair and motor rewind services.

“We're pleased to have Interlube join the Timken team,” says Timken’s vice president of distribution, Michael Connors (above, left, with Interlube’s managing director Mike Cusack). “The management team brings a wealth of experience and established customer relationships, and their automated lubrication delivery systems certainly complement the Timken portfolio of power transmission products.

“Their expertise and quality product line, coupled with our global reach and market access, will allow us to grow market share for Interlube products,” he adds, “as well as expose new market space for existing Timken applications.”

Cusack says he is “delighted” to be joining Timken. “Their global reach will allow Interlube to continue expanding its markets, and should provide enhanced investment in the Plymouth facility.”

Interlube Systems, which dates back to 1922, was formerly known as Tecalemit and was part of the Siebe/Invensys Group. In 2000, there was a management buy-out and since then the company has increased its market share with acquisitions.

Ohio-based Timken manufactures and markets mechanical components and high-performance steel. It had sales were worth $5bn last year and it employs around 20,000 people in 30 countries. 




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