DENVER (Aug. 4) — Gates Corp., the largest non-tire manufacturer of automotive and industrial products, has acquired ENZED-Fleximak Ltd.
Gates Corp. President Richard Bell said the acquisition of the Dubai-based company will create strong opportunities for Gates to enter the Arabian Gulf region with hose, fittings, and assembly and mobile services.
ENZED-Fleximak has seven branches in the region, and the collective market size for fluid transfer products in the region is estimated to be worth $160 million a year.