# Timken acquires Diamond Chain Company from Amsted Industries

The Timken Company acquired The Diamond Chain Company from Amsted Industries. Diamond Chain is a supplier of high-performance roller chains with sales over $60 million for the 12 months ended March 31, 2019.

- Type: Acquisition
- Announced: 2019-04-01
- Where: Indianapolis, Indiana, United States
- Value: $84.0M
- Jobs: 370
- Status: completed
- Products: high-performance roller chains
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Timken](https://endata.com/companies/1700.md) (acquirer)
- [Diamond Chain Company](https://endata.com/companies/38397.md) (target)
- [Amsted Industries](https://endata.com/companies/38398.md) (partner)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/timken-acquires-the-diamond-chain-company-expanding-its-leadership-in-engineered-industrial-chain-300821504.html), 2019-04-01: "The Timken Company has acquired The Diamond Chain Company from Amsted Industries."
- [ibj.com](https://www.ibj.com/articles/73625-diamond-chain-to-retain-its-name-following-84m-acquisition), 2019-05-03: "Timken acquired Diamond Chain for $84 million from Chicago-based Amsted Industries in a cash deal that closed last month."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.