belts business

Denver – September 28, 2026 -- Gates Industrial Corporation Ltd. (NYSE: GTES) has completed the acquisition of The Timken Company's belts business, including select manufacturing assets, expanding its North American power transmission footprint.

Gates gains manufacturing capacity and customer ties across three key markets

The deal adds production capacity and customer relationships spanning industrial original equipment manufacturers, the industrial aftermarket, and mobility power sports segments. Gates said the acquisition also strengthens its talent base with the addition of former Timken employees.