Dayco North America is expected to leave the hydraulics category after Kurt Hydraulics and Dayco reached an agreement for all Dayco-branded hydraulic hose and coupling inventory to be transferred to Kurt, according to a company news release.
Kurt will take over manufacture and supply directly to all Dayco distributors, according to the release. Kurt said it is creating individual accounts for Dayco customers and providing notice to those customers, according to the release. Kurt also is setting up a warehouse in Canada to “better service Canadian distributors,” the release stated.
“As a long-time partner to Dayco’s hydraulic coupling business, our hose and couplings are interchangeable with Dayco’s product line and have a part match in the Kurt catalog and website,” said Scott Czupryna, national sales manager for Kurt Hydraulics. “Kurt Hydraulics has been manufacturing hydraulic fittings for Dayco for over 20 years, and has its own distribution network, so the transition is a natural one for us.”
The agreement comes less than two weeks after Dayco and private equity firm Hidden Harbor Capital Partners announced the closing of the previously announced acquisition of Dayco by Hidden Harbor. Financial terms weren’t disclosed.