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TIMKEN ENTERS DISTRIBUTION AGREEMENT WITH PERMATEX.
(Full text of a statement. Contact details below.)
CANTON, Ohio, Aug. 1 /PRNewswire-AsiaNet/ -- The Timken Company has entered into an agreement with Permatex, Inc. to sell its range of automotive and maintenance products in Southeast Asia, Australia and New Zealand.
(Photo: http://www.newscom.com/cgi-bin/prnh/19991012/TKRLOGO )
Permatex Inc. offers a range of products that include leading brands like Fast Orange(R) Hand Cleaner, the Ultra(R) Silicone gasketing products, the Right Stuff(R) Gasket Maker, NOS(R) fuel and fluid additive products, No Touch(R) tire and wheel care products and Slik-Pak(R) lubricants. Product will be stocked in Timken warehouses in Australia and Singapore and sold throughout Asia through the Timken network of authorized distributors.
"Partnering with Permatex in this way is consistent with our goal of profitable growth through related products," said Alastair Simkin, general manager -- Asia Pacific, Middle East and Africa -- Timken. "This agreement brings together two companies that are known for providing high performance automotive products. It combines Permatex's superior products with The Timken Company's logistics and distribution expertise to bring end users in Asia the products they demand."
Permatex became an independent, privately-owned company in 1999 through a
leveraged buyout from ...
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Source: HighBeam Research, TIMKEN ENTERS DISTRIBUTION AGREEMENT WITH PERMATEX.