Cloyes Gear & Products, Inc. (Cloyes), the global leader in timing drive systems and components for the automotive aftermarket, has acquired Rotomaster, a leading turbocharger and component specialist. The deal, whose terms were not disclosed, will enhance Cloyes’ product offerings and customer base.
Rotomaster, founded in 1978, provides complete assemblies, individual components and service kits for diesel and gas-powered applications. The company covers more than 75% of the addressable vehicles-in-operation (VIO) today.
Cloyes President and CEO John Hanighen said the acquisition supports Cloyes’ long-term goals and strategy, as well as operational efficiencies for its customers. He added that Cloyes is excited to expand its market presence and deliver unparalleled products and services to its collective customer base.
Rotomaster General Manager Garret Wiebe said the partnership with Cloyes is driven by the alignment of their high-quality product portfolios. He said previous Rotomaster clients can look forward to a promising future with 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. Visitors can learn more about the acquisition and Cloyes’ service offerings at booth #A4035. For more information about Cloyes, visit www.cloyes.com.
BMO Capital Markets and King & Spalding served as financial advisor and legal counsel to Rotomaster, respectively.
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