The Timken Company announced the sale of Timken Precision Components - Europe to a group of investors made up of the unit's current management team members. The business serves customers in Europe's automotive sector and bearing industry and had 2005 sales of $28.8 million.
Timken Precision Components - Europe produces precision-machined steel components for automotive transmissions and airbags, along with components for industrial bearings, at two facilities in France. The Fougeres plant manufactures high-volume components and the Marnaz facility produces low- and medium-volume components. The plants currently employ approximately 120 people.
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