Milwaukee-based Rexnord Corp. announced today that it has acquired Tollok S.p.A. Based in Ferrara, Italy, Tollok serves a global customer base and has annual revenues of about $21.25 million.
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 of the Rexnord’s power transmission group. “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, the companies said, will create additional value for customers and enable expanded access into current and adjacent markets.
Rexnord representatives declined to comment further on the acquisition due to the quiet period in advance of its second quarter fiscal year 2015 earnings call, scheduled for Thursday, Nov. 6.