'The acquisition of Torrington will position Timken as a global leader in three complementary product and service lines: tapered roller bearings, needle roller bearings and alloy steels,' said James W. Griffith, president and CEO. 'The addition of Torrington's higher-margin, customized bearings solutions business will significantly strengthen Timken's existing automotive segment and will provide Timken with accelerated growth opportunities in a dynamic area for innovation ' power train systems.