Dayco Products LLC (Division of Mark IV Industries, Inc.)
Company Profile
Business Overview
-The Company is a global leader in the research, design, manufacturing and distribution of engine products and drive systems across a number of markets, including the passenger vehicle and commercial vehicle markets.
-The Company is organized into two operating segments: Propulsion Solutions, and Aftermarket and Belts.
-In September 2022, the Company was acquired by Hidden Harbor Capital Partners, a private equity firm. Hidden Harbor acquired the Company from its previous owners which comprised of an investor group that included Oaktree Capital Group and TPG.
Shareholders
-In September 2022, the Company was acquired by Hidden Harbor Capital Partners, a private equity firm. It is a wholly owned subsidiary under Hidden Harbor.
Products
Light-duty vehicle equipment
-Accessory drive Poly-V belts
-Accessory drive tensioners
-Pulleys and idlers
-Timing belts
-Timing belt tensioners
-Timing belt-in-oil systems
-Crankshaft dampers
-Driveline dampers
-Decouplers
-Alternator decoupler pulleys
-Friction wheels
-Electric power steering belts
-Vacuum generation systems
Heavy-duty vehicle equipment
-Heavy-duty accessory Poly-V belts
-Heavy-duty accessory drive tensioners
-Heavy-duty pulleys and idlers
-Heavy-duty timing belts
-Heavy-duty crankshaft dampers
-Heavy-duty decouplers
-Heavy-duty alternator decoupler pulley
-Heavy-duty viscous dampers
Hybrid system solutions
-BSG mild hybrid solutions
-P1 hybrid modules
-P2 hybrid modules
-Hybrid alternator decoupler pulleys
Hydrogen fuel cell systems
-Serpentine belts
-48V belt-starter generators for mild hybrid vehicles
-Front end auxiliary drive tensioners
-Twin tensioners
-Electric motors
History
| 1905 | Dayton Rubber Company was established in Dayton, Ohio, U.S. |
| 1960 | Dayton Rubber Company was changed the name to Dayco Corporation. |
| Dec. 1970 | Mark IV was incorporated in Delaware. |
| 1986 | Armtek acquired Dayco's operations in belts and rubber hoses. It was renamed Dayco Products Inc. |
| 1988 | Acquired Armtek. |
| 1990 | Dayco's European headquarters were established in Sweden. |
| 1991 | Tecaflex (Italy) and System Stecko (U.K.) were acquired. |
| 1993 | Flexomatic (Germany) was acquired. |
| Pirelli Trasmissioni Industriali group of companies was acquired. | |
| 1994 | Acquired Dayco Hevas AB (Sweden). |
| 1995 | TSA (Italy) was acquired. Acquired FitzSimons, US. |
| 1996 | The Company's operations were organized into two distinct global operations: Mark IV Automotive and Mark IV Industrial. CTM (Italy) was acquired. |
| 1999 | Mark IV Automotive entered the small diesel engine market. |
| Sep. 2000 | BC Partners Ltd. acquired Mark IV as majority shareholder. |
| 2001 | All global industrial activities were sold. |
| 2007 | A Sun Capital Partners, Inc.'s affiliate has acquired the automotive OEM fuel and fluid handling operations of Mark IV. |
| 2008 | A Sun Capital Partners, Inc.'s affiliate completed the acquisition of Mark IV from funds. |
| 2011 | Sold air intake and engine cooling systems business to Sogefi S.p.A. |
| 2013 | Acquired Metavation, a manufacturer of crank shafts and damper pulleys, and the damper portion of EPTEC from Revstone. |
| Sep. 2022 | Hidden Harbor Capital Partners, a private equity firm, completes the acquisition of the Company. |
Supplemental Information 1
Note: A figure in brackets ( ) indicates a loss