FORT SMITH, Ark.--(BUSINESS WIRE)--Cloyes Gear & Products, Inc. (“Cloyes”), the global leader and designer of mission-critical timing drive systems and components for the automotive aftermarket, announced today the acquisition of Rotomaster, a leading global turbocharger and component specialist. Terms of the transaction were not disclosed.
Since 1978, Rotomaster has maintained a deep portfolio of complete assemblies, individual components and service kits for diesel and gas-powered applications. Both Cloyes’ and Rotomaster’s extensive experience as Tier One aftermarket suppliers will complement each other and drive significant growth and expansion for both companies.
“Today’s professional technicians recognize Cloyes’ high-quality products,” said Cloyes President and CEO John Hanighen. “Not only does the acquisition of Rotomaster demonstrate part of our company’s long-term goals and strategy, but more importantly, it supports operational efficiencies for our customers. Cloyes is enthusiastic about expanding its market presence and delivering unparalleled products and services to all our collective customer base.”
Cloyes has a strong historical reputation for delivering quality, durability, innovation, and unparalleled expertise. With Rotomaster now part of the Cloyes family, the company will continue its expansion of application-specific products and solutions for the most demanding vehicles on the road – now and into the future. In addition, Rotomaster covers more than 75% of the addressable vehicles-in-operation (VIO) today, which will further expand the number of Cloyes’ customers.
"We are pleased to announce our partnership with Cloyes, a move driven by the alignment of our extensive product portfolios, both of which have the high-quality manufacturing standards expected by our valued customers," stated Garret Wiebe, Rotomaster General Manager. "Previous Rotomaster clients can look forward to a promising future marked by a steadfast commitment to exceptional customer service, superior operational excellence, and expanded VIO coverage."
Cloyes will be attending AAPEX in Las Vegas from October 31st to November 2nd, 2023. Stop by to learn more about the acquisition and Cloyes’ service offerings at booth #A4035. For more information about Cloyes, visit www.cloyes.com.
BMO Capital Markets served as exclusive financial advisor to Rotomaster, and King & Spalding served as legal counsel.
About Cloyes
Cloyes, based in Fort Smith, AR, is the North American leader and global designer, developer, manufacturer and distributor of timing drive systems and components for the automotive aftermarket. Its products are mission critical components for engine performance and function used in high-performance and replacement applications. Cloyes serves a broad customer base, including wholesale distributors, national and local retailers, re-packagers, and production engine builders, and sells its products under the Cloyes® brand throughout North America and Dynagear® in Mexico. To learn more, visit www.cloyes.com. Connect with Cloyes on Facebook, Twitter, and Instagram.
About Rotomaster
Rotomaster began operations in Vancouver, Canada in 1978 as a supplier to original equipment manufacturers. Starting out in the heavy-duty market and later expanding into light, medium-duty, power sports, industrial and marine vehicles, Rotomaster serves as both a Tier One and aftermarket supplier. With ISO 9001-certified locations in Canada, the United States, and China, Rotomaster is paving the way for innovative turbo design, scalable manufacturing, state-of-the-art testing, and expert technical support. With over 40 years of experience, Rotomaster is recognized worldwide as the industry leader in performance, innovation, durability, and value. To learn more, visit www.rotomaster.com.
