Timken completes sale of belts business assets to Gates Industrial

By Public Technologies
  • Timken completed the sale of its belts business assets to Gates Industrial on Sept. 28, 2026; financial terms were not disclosed.
  • The divested unit makes belts for industrial, commercial, and consumer uses.
  • Transaction expected to lift adjusted EBITDA margins in Timken’s Industrial Motion segment.
  • Deal expected to be accretive to EPS in 2027.
  • Proceeds earmarked for Timken’s capital allocation priorities.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The Timken Co. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202609281631PR_NEWS_USPR_____CL58525) on September 28, 2026, and is solely responsible for the information contained therein.

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