Gates buys Mectrol’s poly belt business

Dec 16, 2004

Gates Corporation has acquired the polyurethane power transmission and motion control belt business of Mectrol Corporation, and has named the new company Gates Mectrol.

Headquartered in Salem, N. H., Mectrol Corporation manufactures polyurethane timing belts and motion control components for the industrial automation, motion control and conveying markets.  The belts are used on applications including process machinery, industrial robots, packaging equipment and synchronous conveyors. Gates will retain Mectrol’s 180 employees in the United States, Mexico and Germany.

Regarding product availability, Robert B. Jack, the new president of Gates Mectrol, explains that Gates aftermarket customers should contact their Gates power transmission distributors, who are carrying a stock line of Gates Mectrol polyurethane belt products.  Current Gates distributors should order directly from Gates as part of their normal ordering of other Gates products.  Mectrol customers and distributors should continue to order Mectrol products through their normal sales channels.  Additional information is available at www.mectrol.com, and in a new Gates Mectrol product catalog to be issued in January 2005.

Jack added, “The acquisition of Mectrol Corporation creates new opportunities for Gates to service the rapidly expanding polyurethane belt business.  As part of the Gates Power Transmission business unit, Gates Mectrol will now have additional opportunities for expansion into new markets and geographic locations. The association with the strong Gates brand will further accelerate and support the growth of the new Gates Mectrol entity.”

Gates Corporation is a wholly owned subsidiary of Tomkins plc of London, England.  Tomkins has annual turnover of 4.4 billion Euros and is publicly traded on the London and New York stock exchanges.  Tomkins has market and technical leadership across three global businesses: Industrial and Automotive, Air Systems Components and Engineered and Construction Products.
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