Fort Smith-based Cloyes Gear and Products, a maker and distributor of third-party timing drive systems and components for the automotive market, has acquired Automotive Tensioner Inc., the companies said Wednesday.
Denton, Texas-based Automotive Tensioners is a front-end accessory drive pulley and tensioner supplier to the automotive aftermarket, according to a release. The terms of the deal were not disclosed.
The move is Cloyes Gear and Product's second major acquisition in recent months. It said it purchased Canadian company Rotomaster -- a turbocharger and component maker -- in October with the deal closing in November.
"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," Cloyes President and Chief Executive Officer John Hanighen said in a news release.