Rexnord Acquires Tollok
MILWAUKEE – (BUSINESS WIRE) – October 31, 2014 – Today Rexnord (NYSE: RXN) announced that it has acquired Tollok S.p.A. Based in Ferrara, Italy, Tollok serves a global customer base and has annual revenues of approximately €17 million (Euro).
Tollok is a leading supplier of highly engineered shaft locking devices for the power generation and process industries, as well as general industrial applications. Tollok products are used to secure rotating shafts, manage torque transmission, and counteract shaft bending and vibration. With more than 20 years of application experience, the company’s product technology and expertise help customers manage process variability and maximize uptime.
“Rexnord is excited to expand our portfolio of power transmission technologies by offering well-regarded Tollok products,” said Kevin Zaba, President, Power Transmission. “Tollok is a logical extension of our focus on maximizing uptime and reliability for our industrial customers. We see significant opportunities to accelerate its market penetration in key regional markets.”
Tollok supports Rexnord strategies to accelerate growth by adding complementary products to its leading commercial presence and expanding its global reach. Combining the applications expertise of Rexnord and Tollok creates additional value for customers and enables expanded access into current and adjacent markets.