The Timken Co. announced on Sept. 17 it will acquire the assets of The Purdy Corp., a precision manufacturer and systems integrator for military and commercial aviation customers, for $200 million. The acquisition will further expand the growing range of power-transmission products and capabilities Timken provides to the aerospace market.
The Purdy Corp.s expertise includes design, manufacturing, testing, overhaul and repair of transmissions, gears, rotor-head systems and other high-complexity components for helicopter and fixed-wing aircraft platforms. Purdy, based in Manchester, Conn., employs more than 200 people and had 2006 sales of approximately $87 million.
Timken manufactures aerospace quality bearings, along with a select range of turbine engine components and MRO services. Its products are found in aircraft engines, gearboxes, helicopter ransmissions, auxiliary power units, landing wheels, airframes and instrumentation.