The Timken Company has further expanded its industrial services capabilities with the acquisition of assets from the Schulz Group, based in New Haven, Connecticut.
Schulz Group serves customers nationwide in the commercial nuclear power sector, as well as regionally in the hydro and fossil fuel market sectors, water management, paper and general manufacturing sectors in the New England and Mid-Atlantic regions. In 2013, Schulz Group had full-year sales of approximately $18 million and employed 125 people.
The purchase includes assets from Maine Industrial Repair Services, Inc., based in Augusta, Maine; Schulz Electric Company in New Haven, Connecticut, S.E.C. Electrical located in Braintree, Massachusetts; and Stultz Electric Motor & Controls of Portland, Maine, which collectively operate as the Schulz Group.
Published in the June 2014 Edition of American Recycler News