Interlube Systems

Interlube Systems is a world leader in lubrication solutions for commercial vehicles, cranes, quarries and heavy-duty production lines.

Nature of business

Manufactures and markets automated lubrication products.

Description of deal

Interlube was sold to The Timken Company representing 3 times money.

Growth strategy

Expansion of manufacturing and assembly capability across the globe.

With NVM’s help, Mike Cusack (Managing Director) and his team decided to buy-out from it’s owner, Invensys plc, in 2000. Since then, the business has used NVM’s funding to invest heavily in R & D to develop new products in high tech manufacturing and assembly capability. Interlube’s products are helping customers to extend up-time and reduce maintenance costs globally.

The business has successfully increased its market share by making strategic acquisitions and using long-established distributor networks. An experienced sales force has created a more focused approach to markets.

After many years of building the business, the obvious next step in Interlube’s growth strategy was to become part of a larger organisation. In 2013, Interlube was sold to a subsidiary of The Timken Company, a US based business that has been steadily adding to its portfolio of companies. It considers Interlube as highly compatible to its core product lines and power transmissions acquisitions. The partnership will allow Interlube to continue to flourish as part of a larger organisation and expand into new markets.

NVM have demonstrated their faith in Interlube, through some very difficult economic times. It has been a pleasure working with them to build the business.

Mike Cusack, Managing Director, Interlube Systems