Cloyes Gear & Products – the global leader and designer of mission-critical timing drive systems and components for the automotive aftermarket – announced the acquisition of Denton, Texas-based Automotive Tensioners Incorporated (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 it strengthens Cloyes’ platform and value proposition to repair shops, building on the Rotomaster acquisition Cloyes closed in November 2023. The terms of the transaction were not disclosed.
Since 2014, ATI has developed a comprehensive range of automotive pulleys and tensioners compatible with domestic and import and heavy-duty and off-road vehicles. And 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 of the organizations. This 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.
KEY QUOTES:
“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. 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.”
– Cloyes President and CEO, John Hanighen
“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.”
– Patrick Mulholland, CEO of ATI
