Timken Sold Belts Assets to Gates Industrial
The Timken Co. has divested its belts business to Gates Industrial Corporation as part of a strategic shift.
Updated on Sept. 29, 2026 in Manufacturing
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The Timken Co. finalized the sale of its belts manufacturing assets to Denver-based Gates Industrial Corporation. This move includes the transfer of a facility in San Jose Iturbine, Mexico, to Gates.
Why it matters
The divestiture allows The Timken Co. to concentrate on its core motion technology competencies. By streamlining its portfolio, the company aims to reach specific financial margin goals by 2028.
The Timken Co. sold its belts manufacturing business to support its 2028 margin targets. The transaction excludes the company's previously closed plant in Springfield, Missouri.
The players
The Timken Co.
Headquartered in Jackson Township, Ohio, this company specializes in engineered bearings and industrial motion technology.
Gates Industrial Corporation
Based in Denver, Colorado, this manufacturer produces engineered power transmission and fluid power solutions.
The details
Gates Industrial Corporation assumed full operational control of the Mexican facility as part of the agreement. This deal aligns with the goal of Gates Industrial Corporation to bolster its presence in the power transmission market.
Timeline
A Timken Belts plant in Springfield, Missouri, closed in 2026.
The Timken Co. completed the sale of its belts business on September 28, 2026.
Market Landscape
This transaction follows the pattern of corporate portfolio optimization where companies shed non-core units to improve long-term margins. It positions Gates Industrial Corporation to capture greater market share in power transmission while Timken focuses on its motion technology core.
Customers of the belts business will now interact with Gates Industrial Corporation for their product needs and support. This consolidation may affect service availability or product line continuity for clients previously serviced by The Timken Co.
The takeaway
Companies frequently divest non-core segments to sharpen their competitive focus and meet investor-driven financial targets. Investors and supply chain partners should monitor how the integration of acquired assets impacts product availability in the power transmission sector.
Further reading
For more on industry shifts, visit the Manufacturing section.
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