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 Rotomaster, a turbocharger and component maker, the companies said Monday.
Rotomaster's products are aimed at the gas- and diesel-powered markets. The terms of the deal were not released.
"Not only does the acquisition of Rotomaster demonstrate part of our company's long-term goals and strategy, but more importantly, it supports operational efficiencies for our customers," Cloyes President and Chief Executive Officer John Hanighen said in a statement. "Cloyes is enthusiastic about expanding its market presence and delivering unparalleled products and services to all our collective customer base."
Based in Canada, Rotomaster began operations in Vancouver in 1978 as a supplier to original equipment manufacturers in the heavy-duty market and later expanded into light, medium-duty, power sports, industrial and marine vehicles. It has operations in the United States and China, according to the company's website.