Timken Adds Oil and Gas Drilling, Extraction Products to Growing Portfolio

The Timken Company announced the addition of leading steel products for oil and gas drilling operations, further extending its strong position in the growing market for high-performance energy products. Timken completed its acquisition of the assets of Boring Specialties Inc., a leading provider of a wide range of precision deep-hole oil and gas drilling and extraction products and services.

Timken will operate the business as Timken Boring Specialties, LLC, from its current location in Houston, Texas. Timken will continue to invest in its ability to meet the needs of customers in the global energy market with hole-making, hole-finishing and related machining services.

"We are continuing to make strategic investments in our steel capabilities to bring more value to customers in targeted markets, contributing to Timken's profitable growth," said Salvatore J. Miraglia, president of Timken's Steel Group. "The addition of Timken Boring Specialties to our portfolio is the latest in a series of investments to extend our differentiation in the marketplace."

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