Timken acquires Lovejoy & subsidiary R+L Hydraulics

The Timken Company, manufacturer of tapered roller bearings, has announced its acquisition of Lovejoy, Inc. and its subsidiary, R+L Hydraulics GmbH. Lovejoy, a manufacturer of industrial couplings, universal joints and hydraulics, was purchased for approximately USD $66 million.

Headquartered in Downers Grove, Illinois, USA, with additional locations in the USA, Canada and Germany, Lovejoy is widely recognized for its flexible coupling design and as the creator of the jaw-style coupling. Lovejoy also manufactures a line of universal joints, vibration dampening products and hydraulics. For the 12 months ending March 31, 2016, Lovejoy sales were approximately USD 56 million.

Lovejoy’s hydraulics business, R+L Hydraulics, is based in Werdohl, Germany, and manufactures and distributes products for the fluid power and power transmission industries. R + L Hydraulics sells a wide range of hydraulic components, heat exchangers and couplings. The products are mainly used in the fields of stationary and mobile hydraulics, mechanical engineering, wind power, construction machinery, and in the steel and offshore industries.

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