The Timken Company, a manufacturer of engineered bearings and power transmission products, has completed its acquisition of Cone Drive, a maker of precision drives used in diverse markets including solar, automation, aerial platforms, and food and beverage.
Cone Drive is headquartered in Traverse City, Michigan, and has manufacturing operations in the United States and China. The company has a global customer base and employs approximately 500 people.
The Cone Drive business produces a broad range of highly customizable precision drive products that include Cone Drive and H-Fang branded high-torque worm gears, harmonic solutions and precision slew drives.
Financial details of the deal were not disclosed.