Gates, a leading worldwide provider of application-specific fluid power and power transmission solutions, has acquired Rapro, a Turkey-based manufacturer of moulded and branched hoses and other products used primarily in commercial, heavy-duty and light vehicle replacement applications.
Based in Izmir, Rapro has developed a strong position across European markets by engineering, manufacturing and selling a comprehensive portfolio of replacement market products. The company has annual sales of approximately $25 million, operates two manufacturing and distribution facilities and serves customers in over 40 countries. Rapro has developed a strong brand and is known for high quality and service levels, as well as speed to market with new product introductions.
The acquisition of Rapro follows closely on from Gates’ acquisitions of Atlas Hydraulics and Techflow Flexibles. All of this is part of the group’ s long-term plans to consolidate its position in highly fragmented global markets.
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