Gates Corporation

Company Profile

■URL

https://www.gates.com

■Address

1144 15th Street, Suite 1400, Denver, CO 80202, USA

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