Gates Corporation

Company Profile

■URL

http://www.gates.com

■Address

1551 Wewatta Street, Denver, Colorado 80202, USA

Business Overview

-The Company supplies automotive belts and hoses to automotive and other industrial customers.

-The Company consists of four business segments:

  • Gates North America (Gates NA)
  • Gates Europe, Middle East & Africa (Gates EMEA)
  • Gates Asia and the Pacific Regions (Gates APAC)
  • Gates South America (Gates SA)

Shareholders

-In 2014, private equity funds managed by Blackstone, an investment and advisory firm, purchased the Company's parent, Pinafore Holdings B.V.

Products

-Automotive belts

  • Timing belts
  • Micro V belts
  • Synchronous belts
  • Alternator isolator decouplers
  • Electro-Mechanical Drive (EMD) systems for belt starter generators
  • Sprockets

-Automotive hoses

  • Coolant hoses and systems
  • Coolant system components
  • Fuel systems
  • Hose clamps
  • Power steering hoses
  • Charge air hoses
  • SCR hoses

-Engine system couplings
-Tensioners and pulleys
-Water pumps

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.

Supplemental Information 1

Note: A figure in brackets ( ) indicates a loss