Industrial Belts

Gates Industrial Corp. Ltd. has completed its acquisition of Timken Co.’s belts business, including select manufacturing assets.

Deal Completed

Gates Industrial closed the acquisition of Timken Co.’s belts business on 28 September, including select manufacturing assets.

The Role of Industrial Belts

Industrial belts are a core power-transmission component, transferring mechanical power between pulleys and shafts in machinery across manufacturing, agriculture, and heavy equipment. Alongside hoses and related products, they form part of the broader market for engineered power-transmission solutions that keep industrial equipment running. Demand for such components tracks the health of industrial activity broadly, since they are wear parts that must be replaced over the life of the machinery.

Select Manufacturing Assets

The transaction transfers select manufacturing assets tied to Timken’s belts operations to Gates Industrial, expanding the buyer’s position in power-transmission products. Gates Industrial is a global manufacturer that supplies a range of power-transmission and fluid-power products to original equipment manufacturers and aftermarket channels.

Timken Co.

Timken Co., which is based in North Canton, Ohio, and is known for its bearings and mechanical power-transmission business, has sold its belts operations as part of the completed deal.