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Gates Corporation, Denver, CO, has acquired Mectrol Corporation's polyurethane power transmission and motion control belt business, and has formed a new company to manufacture and market those products, Gates Mectrol. A manufacturer of urethane timing belts and motion control components, Mectrol Corporation employs 180 people and operates manufacturing and sales facilities in Salem, New Hampshire, Pfungstadt, Germany, and Cuautla, Mexico.
As part of the acquisition, Gates has retained all of Mectrol Corporation's employees who were involved in its belt business and purchased all of the production assets of the company's polyurethane power transmission and motion control belt business.
Mectrol Corporation, has demonstrated its strong market presence through a commitment to its customers, its employees and its advanced manufacturing philosophy. Mectrol currently
Gates Corporation is the global market leader of power transmission belt products, with manufacturing and distribution operations in 20 countries.
"The acquisition of Mectrol creates new opportunities for Gates to service the linear positioning, motion control and conveying markets with polyurethane products," said Richard Bell, President of Gates Corporation. "As a part of Gates Corporation, Mectrol will now have additional opportunities for expansion into new markets and geographical locations."