Atlas Hydraulics, which operates one of six locations in Newton, has been acquired by Gates Corporation. Gates, an industrial manufacturer of power transmission and fluid power solutions based out of Denver, Colo., plans to integrate Atlas into its newly established Hose and Tube Assemblies business.
“This acquisition greatly enhances our portfolio with a broad range of fluid power solutions and services,” Gates Chief Executive Officer Ivo Jurek said. “It also enhances our manufacturing footprint and complements our existing hydraulic product lines.”
Atlas, which was established in 1979 and has locations in Canada, the U.S. and Mexico, specializes in the design, manufacturing and supply of hydraulic tube and hose assemblies. It has been a desired partner to several major agricultural turf, construction, forestry and other industrial equipment manufacturers.
“Atlas Hydraulics adds proven expertise, manufacturing capability, and technology which help strengthen our ability to serve our customers,” general manager of NA hose and tube assemblies, Ralitza Arafin said.
The Atlas Newton location opened in 2012. Newton Development Corporation Executive Director Frank Liebl said business will continue as normal at the facility.
The acquisition of Atlas Hydraulics, along with the recent acquisition of the assets of Techflow Flexibles, accelerate Gates strategy to expand its industrial product portfolio and geographic reach in key global markets that it believes are poised for significant future growth.
Founded in 1911, Gates employs 13,000 associates in 100 locations in 33 countries. It is a world leader in engineering and manufacturing application-specific power transmission and fluid power solutions utilized by customers in a variety of industries, including agriculture, construction, transportation, automotive, energy, general manufacturing, power sports, consumer durables and many others.
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