Gates Industrial Corporation has finalized the purchase of The Timken Company's belts business, including select manufacturing assets. This acquisition enhances Gates' manufacturing capacity and customer base in North America, particularly in industrial OEM, aftermarket, and mobility power sports markets. The deal also includes operational control of a belts manufacturing facility in Mexico, expanding Gates' footprint. The company aims to leverage combined capabilities to create value for customers and stakeholders while integrating new team members smoothly.
The Gates acquisition of the belts business from The Timken Company is the subject here. For readers following Industrials-sector US stocks, here is Pluang's market snapshot as of Sep 29, 2026 02:51 WIB: out of 93 priced stocks, 20 rose and 73 fell. Notable movers include Boeing Co (BA) at USD 185.56 with a -6.32% change and 100% buy order activity, Plug Power Inc (PLUG) at USD 1.86 with a -6.06% change and 100% buy order activity, and Nuscale Power Corporation (SMR) at USD 7.94 with a -5.64% change and 60% buy order activity.
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