The Timken Company (NYSE:TKR) acquired Des-Case Corporation for approximately $130 million on September 1, 2023. Timken funded the transaction with a combination of cash on hand and its existing revolving credit facility. Ben Stulberg of Jones Day acted as legal advisors to The Timken Company. Christopher D. Sheaffer, Ziemowit Smulkowski, Holly E. Snow, Eric R. Keller, Todd M. Schneider, Randall V. Johnston and Aaron Charfoos of Paul Hastings LLP acted as a legal advisors to Des-Case Corporation.

The Timken Company (NYSE:TKR) completed the acquisition of Des-Case Corporation on September 1, 2023. The Timken acquired Des-Case Corporation for $123.3 million, net of cash acquired of $1.8 million.