Cloyes Gear & Products Announces Acquisition of Automotive Tensioners, Inc.

22 February 2024

Cloyes Gear & Products, Inc. the global leader and designer of mission-critical timing drive systems and components for the automotive aftermarket, today announced the acquisition of Denton, TX based Automotive Tensioners, Inc. (“ATI”), a leading front-end accessory drive pulley and tensioner supplier to the automotive aftermarket. This acquisition marks Cloyes’ second acquisition in the past four months and further strengthens the platform’s value proposition to repair shops, building on the Rotomaster acquisition Cloyes closed in November 2023. Terms of the transaction were not disclosed.

In operation since 2014, ATI has developed a comprehensive range of automotive pulleys and tensioners compatible with both domestic and import, heavy-duty, and off-road vehicles. The collaboration between Cloyes and ATI, both distinguished Tier One aftermarket suppliers, will result in a synergistic partnership, propelling significant growth and expansion for both organizations. The strategic partnership between Cloyes and ATI will deliver an improved and cohesive timing system solution to the discerning needs of the modern automotive repair shop.

“Following more than 6 years of collaboration with ATI, Cloyes consistently acknowledged their substantial proficiency in the development and sourcing of high-quality engine products that meet the rigorous requirements of contemporary vehicles,” said Cloyes President and CEO, John Hanighen. “The complementary product lines and a shared commitment to exceptional customer satisfaction will not only enhance expansion prospects but also augment product competencies for our target audience.”

Patrick Mulholland, CEO of ATI, expressed enthusiasm for the forthcoming phases in the business's growth trajectory, stating, "The ATI team is very excited about the next steps in our business's growth path. Cloyes' significant geographic and customer reach represent a logical and essential progression in the evolution of ATI. This strategic move is aimed at providing structure, resources, and capital that not only enhance operational and customer service excellence but also remain aligned with the fundamental principles that have positioned ATI as an exceptional supplier."

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 ATI
ATI, based in Denton, Texas, is an OE minded designer, developer, and distributor of front-end accessory drive pulleys, tensioners, tensioner belt kits, as well as molded hoses for the North American automotive aftermarket. ATI’s innovative kit solutions and commitment to excellence has earned them recognition with their customers. ATI serves a wide customer base, including national retailers, fleets, and the high-performance market. ATI remains dedicated to delivering top-quality products and services.
To learn more, visit www.atinc-usa.com.

Contacts
Allison Donohue / Delaney Miller / Leslie Tanca
[email protected]

 

Source:businesswire.com