Fulton, Il is about to see 130 new jobs come to the area after a manufacturing company moves its headquarters there.

According to WQAD, Timken Company is acquiring Diamond Chain. Timken parents engineered bearings and power transmission brands. The acquisition confirmed to WQAD by Scott Schroeder with Timken’s corporate communications.

Diamond Chain is a roller chain manufacturer headquartered in Indianapolis. The plan is to move Diamond Chain to Fulton between 2022 and 2023.

Workers at Diamond Chain were notified of the move on February 4th, and employees at the Indianapolis facility will have the opportunity to apply for open positions for the new plant coming to Fulton. Support with the transition, benefits continuation and severance pay will be provided to workers depending on what the employee(s) want to do.

The good news of 130 jobs returning back to the Fulton area helps heal the wounds of the 60 employee layoff back in August. The 60 employee layoff back in August was due to low demand. Those positions have since been hired back, making the 130 incoming positions new in the area.

The Timken Company acquired Drives LLC in Fulton in 2011 for $92 million in cash, according to The Clinton Herald. The company made sales of around $100 million within the previous 12 months and employed 430 people in North America.

Source: WQAD News

Source: The Clinton Herald

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