Current Issue

A look at the sale of the Gates Corp.

Comments Email

Buyer: Blackstone Group LP.

Seller: Onex Corp., Canada Pension Plan Investment Board.

Price: Approximately $5.4 billion.

Company headquarters: Denver.

Closing: Late 2014.

Products: Power transmission and fluid power products, including belts, tensioners, pulleys, belt drives, hose assemblies, hose, couplings and adapters.

Work force: About 14,000.

Financials: 2013 sales, $2.95 billion.