Gates Corporation was founded by Charles Gates in 1911, headquartered in Denver, Colorado, and grew to become one of the world’s largest, privately owned premier manufacturers of industrial and automotive belts and hoses (Murphy, 2016). For over a century, the organization has prided itself as a global leader in the provision of high-quality, reliable and long-lasting industrial products. Gates Fluid Power produces transfer hoses and other hydraulic solutions that are suited for many markets, including the construction, mining, oil, agriculture, transport, and marine industries (Murphy, 2016). Gates creates value through continuous research and development initiatives, unparalleled innovation, and leadership, which are the pillars of the company’s philosophy (Gates). This has seen the corporation’s success in different parts of the world where they operate in 106 locations in 30 countries including North America, Asia, Australia, Europe, and South America with over 14,000 employees (Murphy, 2016).
One of the notable quotes that define the success of the corporation is that the connection between the company and the clients does not end with the superior products. Gate’s competitive strategy of having an integrated system approach, where they have a one-stop assembly process helps to minimize costs. The service and the support the customers get during the replacement and first-fit applications across their targeted end markets is way above and beyond their expectations. The company systems are supported by innovative product development, world-class engineering, and unmatched safety programs (Gates). All the products are sold around the globe under the Gates brand, which is synonymous with high quality and durable products that are recognized by distributors, other manufacturers, and installers. The company was valued at $5.4 billion at the time it was acquired by Blackstone two years ago.
References
Gates. (n.d.). Products & Services: Belts, Hose, Hydraulics & Accessories| Gates Corporation.
Murphy, A. (2016, July 20). America’s Largest Private Companies. Forbes. Retrieved October 02, 2016,