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, serving replacement and original equipment (“first-fit”) customers. It supplies synchronous belt and asynchronous drive belts as well as hoses for its automotive customers.

-The Company is organized into two operating segments based on product line:

Power Transmission: Solutions which transfer power, convey materials and provide motion control
Fluid Power: Solutions which transfer hydraulic power or convey fluids, gases or other materials across locations

-In the fiscal year ended December 30, 2023, approximately 36% of the Company’s net sales were generated from first-fit customers.

Shareholders

-The Company is listed on the New York Stock Exchange.

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Products

Power Transmissions
-Micro-V belts
-V-belts
-Timing belts
-Special belts
-Timing belt component kits
-Timing belt component kits w/ water pumps
-Poly Chain synchronous belts
-Serpentine kits
-Repair solution kits
-EuroGrip coupler kits
-Water pumps
-Electric water pumps
-Timing belt pulleys
-Engine variable valve timing solenoids
-Fan brackets
-Idler pulleys
-Decoupler pulleys
-Bushings
-Sheaves
-Sprockets
-Tensioners
-Engine variable timing spool valve filters

Fluid Power
-Air conditioning hoses and couplings
-Cooling fan modules
-Coolant Hoses
-Coolant tanks
-Heater control valves
-Fuel line hoses
-Heater hoses
-Hose clamps and couplings
-Power steering hoses
-Transmission oil cooler hoses
-Turbocharger oil lines
-Vacuum tubings
-Air brake hoses
-Air intake and defroster hoses
-Air vent hoses
-Selective catalytic reduction (SCR) hoses
-Emission control hoses
-Fuel fill hoses
-Other engine hoses

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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.
1917	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.