Cloyes Gear & Products, Inc., designer of mission-critical timing drive systems and components for the automotive aftermarket, has announced the acquisition of Rotomaster, a leading global turbocharger and component specialist. Terms of the transaction were not disclosed.
Since 1978, Rotomaster has maintained a deep portfolio of complete assemblies, individual components and service kits for diesel andgas-powered applications. Both Cloyes and Rotomaster’s extensive experience as Tier One aftermarket suppliers will complement eachother and drive significant growth and expansion for both companies.
“Today’s professional technicians recognize Cloyes’ high-quality products,” said Cloyes President and CEO John Hanighen. “Not only does the acquisition of Rotomaster demonstrate part of our company’s long-term goals and strategy, but it more importantly supports the operations efficiencies for our customers. Cloyes is enthusiastic about expanding its market presence and delivering unparalleled products and services to all our customers.”
Cloyes has a strong historical reputation for delivering quality, durability, innovation and unparalleled expertise. With Rotomaster now part of the Cloyes family, the company will continue its expansion of application specific products and solutions for the most demanding vehicles onthe road – now and into the future. In addition, Rotomaster covers more than 75% of the addressable vehicles-in-operation (VIO) today, which will further expand the number of Cloyes’ customers.
“We are pleased to announce our partnership with Cloyes, a move driven by the alignment of our extensive product portfolio with the high-quality manufacturing standards expected by our valued customers,” stated Garret Wiebe, Rotomaster General Manager. “Previous Rotomaster clients can look forward to a promising future, marked by a steadfast commitment to exceptional customer service, superior operational excellence, and expanded VIO coverage.”
Cloyes will be attending AAPEX in Las Vegas October 31 to November 2. Stop by to learn more about the acquisition and Cloyes’ service offerings at booth #A4035. For more information about Cloyes, visit www.cloyes.com.
BMO Capital Markets served as exclusive financial advisor to Rotomaster, and King & Spalding served as legal counsel.
Cloyes, based in Fort Smith, AR, is the North American leader and global designer, developer, manufacturer and distributor of timing drivesystems and components for the automotive aftermarket. Its products are mission critical components for engine performance andfunction used in high-performance and replacement applications. Cloyes serves a broad customer base, including wholesale distributors,national and local retailers, re-packagers, and production engine builders, and sells its products under the Cloyes® brand throughout NorthAmerica and Dynagear® in Mexico. To learn more, visit www.cloyes.com. Connect with Cloyes
Rotomaster began operations in Vancouver, Canada in 1978 as a supplier to original equipment manufacturers. Starting out in the heavy-duty market and later expanding into light, medium-duty, power sports, industrial and marine vehicles, Rotomaster serves as both a TierOne and aftermarket supplier. With ISO 9001-certified locations in Canada, the United States, and China, Rotomaster is paving the way forinnovative turbo design, scalable manufacturing, state-of-the-art testing, and expert technical support. With over 40 years of experience,Rotomaster is recognized worldwide as the industry leader in performance, innovation, durability, and value. To learn more, visit www.rotomaster.com.