Gates Industrial Corp plc

Gates is a global manufacturer of innovative, highly engineered power transmission and fluid power solutions. The company offers a broad portfolio of products to diverse aftermarket channel customers and to original equipment manufacturers (OEMs) as specified components. The majority of Gates' revenue comes from aftermarket channels. Its products are used in applications across numerous end markets, including automotive aftermarket, automotive OEM, diversified industrial, industrial off-highway, industrial on-highway, energy and resources, and personal mobility. Net sales are highly correlated with industrial activity and utilization, rather than any single end market, due to the diversification of the business and high exposure to the aftermarket channel. Gates sells its products globally under the Gates brand, which has been recognized as a premium brand for quality and technological innovation for over 110 years since its founding in 1911. The highly engineered products are often critical components in applications where the cost of downtime is high relative to the cost of the products, leading end users to pay a premium for superior performance and availability. These applications result in natural, and often preventative, aftermarket cycles that drive high-margin, recurring revenue. Gates' product portfolio represents one of the broadest ranges of power transmission and fluid power products in its markets. The company maintains long-standing relationships with a diversified group of well-known customers worldwide. Gates' business is well-balanced and diversified across products, channels, and geographies, with Fiscal 2025 net sales of $3,443.2 million. In 1911, Charles Gates, Sr. purchased the Colorado Tire and Leather Company, which manufactured steel-studded leather bands for wheels.