Timken (TKR +7.4%) acquires Drives LLC, a maker of highly engineered drive chains and augers,...

|About: Timken Co. (TKR)|By:, SA News Editor

Timken (TKR +7.4%) acquires Drives LLC, a maker of highly engineered drive chains and augers, for $92m in cash, furthering its efforts to build up its power-transmission line of business.