The Timken Company (USA; NYSE: TKR) has acquired Extex Ltd. (USA), Non-Standard Bearinga company which designs and sells replacement parts for aircraft engines.
Founded in 1995,Fishing Reel Bearings Extex is based in Gilbert, Arizona. 2007 sales were just over USD $15 million.
Particularly valuable, Extex holds nearly 600 FAA parts manufacturer approval (PMA) component certifications [list here] . Timken's PMA portfolio thus grows from 1,400 to 2,000.
Timken said the additional PMA component base better positions the company to offer more comprehensive fleet support programs, Fishing Reel Bearingsincluding value-added asset management systems aimed at minimizing downtime for aircraft owners and operators.
Extex produces compressor and turbine blades and vanes, shrouds, bushing kits, nozzles and gears.Non-Standard Bearing The company's parts portfolio covers the Rolls-Royce A250 helicopter engine, Fishing Reel Bearings Allison RR250, Pratt & Whitney PT6 variants, and Honeywell APUs.
J. Ron Menning,Fishing Reel Bearings President of Timken's Aerospace and Defense business unit, said: "The combination of Extex's knowledge and engineering expertise with Timken's manufacturing capabilities make it a great addition to Timken's growing aerospace aftermarket solutions business. Non-Standard BearingAs we accelerate our growth in this strategic market sector, we will continue to extend our capabilities to meet the needs of our expanding aerospace customer base."
