The Timken Company (Timken) develops, manufactures, markets and sells products for friction management and mechanical power transmission, alloy steels and steel components. The Timken Company manufactures and manages global supply chains for two core product lines: anti-friction bearings and adjacent mechanical power transmission components, as well as specialty steel and related precision steel components. Its products and services include bearings and power transmission, tapered roller bearings, precision cylindrical and ball bearings, spherical and cylindrical roller bearings, chains and augers, gear-drive systems, aerospace products and services, steel and precision steel components. Timken operates in 30 countries and territories. On October 3, 2011, the Company acquired Drives LLC (Drives). On July 1, 2011, Timken acquired all the assets of Philadelphia Gear Corp. (Philadelphia Gear).