Cloyes Acquires Rotomaster, Showcases Products at AAPEX

Tuesday, October 31, 2023

Cloyes Acquires Rotomaster, Showcases Products at AAPEX

Cloyes Gear & Products, Inc. recently announced the acquisition of Rotomaster. Terms of the transaction were not disclosed.

The company encourages AAPEX attendees to stop by booth #A4035 to learn more about the acquisition and its service offerings, including complete assemblies, individual components and service kits for diesel and gas-powered applications.

With Rotomaster now part of the Cloyes family, the company said it will continue its expansion of application-specific products and solutions for the most demanding vehicles on the road. In addition, Rotomaster covers more than 75% of the addressable vehicles-in-operation (VIO) today, which will further expand the number of Cloyes’ customers.

“Today’s professional technicians recognize Cloyes’ high-quality products,” said Cloyes President and CEO John Hanighen. “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 is enthusiastic about expanding its market presence and delivering unparalleled products and services to all our collective customer base.”

“We are pleased to announce our partnership with Cloyes, a move driven by the alignment of our extensive product portfolios, both of which have the high-quality manufacturing standards expected by our valued customers,” stated Garret Wiebe, Rotomaster general manager. “Previous Rotomaster clients can look forward to a promising future marked by a steadfast commitment to exceptional customer service, superior operational excellence and expanded VIO coverage.”

BMO Capital Markets served as exclusive financial advisor to Rotomaster, and King & Spalding served as legal counsel.