-The Company supplies automotive belts and hoses to automotive and other industrial customers.
-In 2014, private equity funds managed by Blackstone, an investment and advisory firm, purchased the Company's parent, Pinafore Holdings B.V.
|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