FULTON – The Timken Co. plans to add about 130 jobs to its Fulton manufacturing plant after acquiring an Indianapolis company.
The manufacturer bought The Diamond Chain Co., a leading supplier of high-performance roller chains for industrial markets, in April and will be moving its operations to Timken Drives in Fulton during the next 2 or 3 years, the company told its employees.
Timken Drives, 901 19th Ave., is a major manufacturer of chain products. Formerly Drives LLC, it was acquired by Timken in 2011 for $92 million.
“The acquisition expands our leadership in roller chain, builds on our strong position in distribution and adds depth to our manufacturing capabilities in Asia,” said Richard G. Kyle, Timken president and chief executive officer, following the purchase of Diamond Chain.
“We expect to drive significant synergies with the combination of Diamond Chain and Drives.”