Dayco Incorporated (Formerly Dayco Products LLC)

Company Profile

■URL

https://www.dayco.com/en/

■Address

401 S. Old Woodward Avenue, Suite 308, Birmingham, Michigan 48009, USA

Business Overview

-The Company is a global leader in the research, design, manufacture, and distribution of engine drive systems for several markets, including the passenger vehicle and commercial vehicle markets.

-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.

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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
-Grinded Poly-V belts

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
-Heavy-duty grinded Poly-V belts

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

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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.
1993	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.
Feb. 2024	Opened a new USD 11.5 million plant in San Luis Potosí, Mexico, which will produce belts for light combustion cars. This is the second plant of the Company in the state.