Cases & Deals

Timken sells Latrobe Steel

Clients Timken Company, The

Jones Day advised The Timken Company, a leading global manufacturer of highly engineered bearings, alloy steels, and related components and assemblies, in the $250 million sale of Latrobe Steel Company, a manufacturer and distributor of high-performance, iron based remelted alloy steels for aerospace, defense and other life-critical applications, to an investor group comprised of The Watermill Group, Hicks Holdings LLC and Sankaty Advisors. In addition to the sale of Latrobe, Jones Day also advised on financing matters associated with this transaction.