Gates Industrial (GTES) has completed the acquisition of Timken's (TKR) belts business, including a manufacturing facility in Mexico. Financial terms were not disclosed. Timken expects the divestiture to improve margins and be accretive to EPS in 2027.
One free account opens every story complete, the live board, the 30-day calendar, a watchlist and breaking alerts on your phone. No card. The wire stays free to read.
