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In The News:

Gates Industrial Sales Increase 16.7% in Q1

Gates Industrial, Denver, CO, reported first quarter 2018 sales of $852 million, up 16.7 percent over last year. Profit increased 11.4 percent to $29.3 million.

Power transmission segment sales increased 12.4 percent to $546 million. Fluid Power segment sales increased 7.2 percent to $306 million.

In April 2018, the company completed bolt-on acquisition of Rapro, expanding fluid power replacement business in Europe

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