Gates
Gates engineers an ever-growing product catalogue of application-specific power transmission solutions to fit a wide range of vehicles. Based in Colorado, the leading manufacturer distributes its power transmission belts and fluid power products worldwide – they are active in 120 locations across 30 countries. Gates strives to continually invest in R&D and technology to exceed high industry standards and consumer expectations.
Gates Timeline
Gates…
1911: was founded by Charles C. Gates, who bought The Colorado Tire and Leather Company.
1917: rebranded as The International Rubber Company when John Gates, Charles’ brother, invented the V-belt.
1941: became an essential provider during World War II.
1946: developed the first synchronous belt.
1954: achieved impressive sales growth, rising from $59 million to $82 million. At this point, Gates opened its first plant outside Denver, this time in Ontario.
1958: opened another plant in Iowa. Gates went on to open facilities in Mexico, Tennessee, Ohio and North Carolina.
1960: opened a tread rubber plant in Chicago and acquired a metal sheave plant in Kansas.
1961: welcomed Charles Gates Jr as the new president when Charles Gates passed away.
1980-89: expanded its product range to reinforce its market position.
1996: was acquired by Tomkins PLC, a world-class engineering group.
1970: manufactured a completely sealed lead-acid, rechargeable battery.
1987: acquired General Electric, a battery business.
1990: reached sales of over $182 million.
2003: rebranded the firm as the Gates Corporation.
2004: acquired the Mectrol Corporation’s polyurethane power transmission and motion control belt business.
2005: acquired EMB, a hydraulic tube connection systems manufacturer.
2017: became a public corporation.