The Timken Company (NYSE:TKR) is seeking acquisitions. Phil Fracassa, Chief Financial Officer of Timken, said "We continue to view M&A as important part of our capital allocation program, if you will, and it is the best way for us to diversify our product offering and reach new markets, et cetera. We will continue to focus on M&A and as I indicated, continue to expect to be in the market buying back shares."