Gates Corporation
Company Profile
Business Overview
-The company is a leading manufacturer of innovative, highly engineered power transmission and fluid power solutions. It supplies automotive belts and hoses to automotive and other industrial customers.
-The Company operates through the following two product lines:
- Power Transmission
- Fluid Power
-In January 2018, Gates Industrial Corporation plc has filed a registration statement on Form S-1 with the Securities and Exchange Commission for a proposed initial public offering of its ordinary shares. The total number of shares to be offered and the price range for the proposed offering have not yet been determined. Gates has applied to list its ordinary shares on the New York Stock Exchange under the symbol "GTES." (From a press release on January 4, 2018)
Shareholders
-In 2014, private equity funds managed by Blackstone, an investment and advisory firm, purchased the Company's parent, Pinafore Holdings B.V.
-The Company is listed on New York Stock Exchange.
Products
Power Transmissions
Micro-V Belt
V-Belts
Automotive Timing Belts
Special Belts
Timing Belt Component Kits
Timing Belt Component Kits w/ Water Pumps
Serpentine Kits
Solution Kits
Coupler Kits (EuroGrip)
Water Pumps (Standard, Heavy-Duty, Performance)
Water Pumps (Electric)
Timing Belt Pulleys
Engine Variable Valve Timing Solenoids
Fan Brackets
Idler Pulleys
Decoupler Pulley
Engine Variable Timing Spool Valve Filters
Fluid Power
Engine Hose
Air Conditioning Hose and Couplings
Cooling Fan Modules
Coolant Hose
Coolant Tanks
Heater Control Valves
Fuel Line Hose
Heater Hose
Hose Clamps and Couplings
Power Steering
Transmission Oil Cooler Hose
Turbocharger Oil Line
Other Engine Hose
Fluid Power Tools and Merchandisers
History
| 1911 | Founded as a manufacturer of leather for tire. |
| 1917 | Began phasing out leather in favor of rubber, the Company changed its name to International Rubber Company. |
| Developed a V-belt, which is their major product. | |
| 1954 | Its first international manufacturing facility was build in Brantford, Ontario, Canada. |
| 1958 | Opened a manufacturing facility in Mexico. |
| 1963 | Built a belt and hose plant in Erembodegem, Belgium, the first of many European facilities. |
| 1980s | Acquired the Uniroyal Power Transmission Company. |
| 1996 | The Company was acquired by the British-based Tomkins plc, which became a part of Pinnafore Group in 2000s. |
| 2003 | Changed its name to Gates Corporation. |
| Aug. 2011 | Divested its Powertrain business to Sterling Group. |
| Jul. 2014 | Pinafore Holdings, the Company's parent company, was acquired by private equity funds managed by Blackstone, an investment and advisory firm. |
| Jan. 2018 | The company is listed on New York Stock Exchange. |
Supplemental Information 1
Note: A figure in brackets ( ) indicates a loss