SOURCE: Altra Industrial Motion

February 13, 2006 17:01 ET

Altra Industrial Motion Completes Acquisition of Hay Hall

QUINCY, MA -- (MARKET WIRE) -- February 13, 2006 -- Altra Industrial Motion, Inc., a leading designer, manufacturer and marketer of mechanical power transmission products, announced today that it has finalized the acquisition of the UK-based Hay Hall Group.

Headquartered in Birmingham, England, Hay Hall manufactures a diverse offering of couplings, industrial clutches and brakes, and various power transmission components. The company operates five primary businesses with well-established brands, including: Inertia Dynamics, Bibby Transmissions, Matrix International, Twiflex, and Huco. Via a global network of sales representatives, agents, and distributors, Hay Hall serves a variety of applications in the power generation, mining, primary metals, factory automation, mobile equipment, and other industrial markets. In 2005, Hay Hall had revenues of more than $66 million.

"We are enthusiastic about the addition of the Hay Hall businesses to the existing Altra Industrial Motion platform," said Michael Hurt, Altra's CEO. "Given the product synergies and the many combined strengths of the two companies, there are significant opportunities for our experienced management teams to capitalize upon identified growth initiatives and improve operational efficiencies."

"We're looking forward to integrating Hay Hall into Altra Industrial Motion over the coming months," said Darren Gold, principal of Genstar Capital, Altra's major shareholder. "We expect to realize significant value by combining these two businesses and capturing the synergies between them."

About Altra Industrial Motion, Inc.

Altra Industrial Motion, Inc. (www.altramotion.com), a portfolio company of Genstar Capital, LLC (www.gencap.com), is an established designer, manufacturer and marketer of industrial power transmission products sold globally to manufacturers and users of industrial equipment. Headquartered in Quincy, Massachusetts, Altra Industrial Motion operates production facilities in the United States, United Kingdom, Germany, France and China under well-established brands such as Boston Gear, Warner Electric, Formsprag, Stieber, Wichita Clutch, Industrial Clutch, Ameridrives Couplings, Marland Clutch, Kilian Bearing, and Nuttall Gear.

Contact Information

  • For additional information:

    Altra Industrial Motion, Inc.
    David Wall
    617-689-6380
    Email Contact