Bearing manufacturer Revolvo sold to US corporate

HALESOWEN-based manufacturer Revolvo has been sold by its parent company ERIKS UK to US corporate The Timken Company.

Revolvo  is a specialist manufacturer of split roller bearings and special roller bearings for industrial applications in process and heavy industries, such as mining, power generation and marine. Timken has acquired Revolvo as part of its wider growth strategy.

The West Midlands firm was previously part of ERIKS UK, which is part of ERIKS NV, an international industrial service provider offering a wide range of mechanical engineering components and associated technical and logistics services.

Birmingham-based law firm Shoosmiths advises ERIKS UK on the disposal of the business and assets of Revolvo.

No financial details have been disclosed. 

The Shoosmiths team, consisting of partners Martin Letza (corporate), Charles Rae (employment) Paul Carney (pensions) and associates Gareth Davies (corporate) and Simon McArdle (commercial) advised ERIKS UK on all aspects of the disposal including the complex sale agreement, TUPE and pensions advice, transitional arrangements and an on-going distribution agreement between the two parties. 

Nicola Brain (associate) acted on the real estate elements of the transaction.
 
Letza said: “We have advised ERIKS UK for a number of years and have completed a number of significant strategic deals for them this year. 
 
“The team have again thoroughly enjoyed working with the ERIKS UK team and look forward to continuing to support them going forwards. 
 
“We wish Timken and Revolvo every success.”

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