Cloyes Repurchases its Arkansas Plant - Engine Builder Magazine

Cloyes Repurchases its Arkansas Plant

After opening its Paris, Ark., manufacturing plant in 1963, Cloyes Gear and Products announced it has successfully regained ownership of the manufacturing operation from American Axle & Manufacturing.

After opening its Paris, Ark., manufacturing plant in 1963, Cloyes Gear and Products announced it has successfully regained ownership of the manufacturing operation from American Axle & Manufacturing (AAM). AAM held ownership of the plant following its 2017 acquisition of Metaldyne Performance Group Inc. (MPG), which included Cloyes. In April 2018, Hidden Harbor Capital Partners, an operationally focused private equity firm specializing in control investments in lower middle market companies, acquired Cloyes and immediately started the process of purchasing the Paris plant to continue Cloyes’ nearly 100-year-old manufacturing history in the United States.

“Cloyes came to Paris in 1963 and has been a big part of the town’s economy for more than 56 years. Many of our employees have worked for Cloyes their entire adult life and have more than 30 years of seniority with the company,” said Steve Fairbanks, vice president of manufacturing for Cloyes. “It is a huge advantage for our company to be able to stay in this area and retain our employees’ skill set and wealth of knowledge. It is also a great opportunity for the town to maintain high paying manufacturing jobs, which coincidently are closely linked to jobs that our local career center is preparing our young and upcoming workforce for.”

​The 155,00-square-foot manufacturing plant manufactures highly machined powertrain gears, sprockets, and idler assemblies for automotive original equipment manufacturers, the automotive aftermarket, marine, and high-performance applications. The plant’s key processes include machining, hobbing and shaping, heat treatment, and finishing, and is also home to a quality and metrology laboratory that supports both manufacturing and engineering product development.

“Our team is focused on growing the Cloyes brand and business which is evident with our continued investments in marketing, sales personnel, global expansion, manufacturing, and overall operations,” said John Bohenick, chief executive officer for Cloyes. “Cloyes, the management team, and the owners are committed to our customers, the communities we work and live in, our people, and to the betterment of the industries we serve. We will continue to work to be a leading supplier by providing exceptional products, quality, and service to all customers.”

Cloyes Gear and Products, Inc.

You May Also Like

Moser Engineering Acquires GearFX From Holley

Moser Engineering, a provider of aftermarket driveline products, has acquired GearFX Driveline and its assets from Holley Performance Brands. GearFX assets and production will relocate to Moser Engineering’s facilities in Portland, IN. “We are thrilled to welcome the GearFX line of products into the Moser Engineering family. Our goal is to continually expand and improve

Moser Engineering, a provider of aftermarket driveline products, has acquired GearFX Driveline and its assets from Holley Performance Brands. GearFX assets and production will relocate to Moser Engineering's facilities in Portland, IN.

"We are thrilled to welcome the GearFX line of products into the Moser Engineering family. Our goal is to continually expand and improve our line of driveline products for the aftermarket marketplace," said Rob Moser, owner of Moser Engineering. "This acquisition allows us to ensure that the 9-inch housing centers we sell will continue to be produced in the USA. By combining our sales, manufacturing and engineering expertise with an already great product line, we will further distance ourselves from the competition. Moser Engineering is known for delivering custom driveline products quicker than anyone else in the industry, and we will apply this expertise to GearFX products right away."

Fight Against ICE Bans Continue Amid New Emission Laws

The EPA has taken a small step in the right direction by providing automakers and specialty aftermarket businesses additional time to develop innovative solutions to reduce emissions.

McLaren Racing’s Zak Brown Signs Extended Contract

McLaren Racing CEO Zak Brown has extended his contract with the Woking, United Kingdom-based organization until 2030. Brown, who initially joined McLaren Racing in 2016 as the executive director of McLaren Technology Group, assumed the role of CEO in April 2018.   Related Articles – Formula 1 Exhibition Coming to Toronto in May – NHRA Has

Formula 1 Exhibition Coming to Toronto in May

F1 fans will be treated to an immersive experience through six specifically designed rooms spread over 20,000 square feet.

NHRA Has a New Series – Pingel Top Fuel Motorcycle

Top Fuel Motorcycles will officially compete for championship points at four NHRA Mission Food National Events in 2024.

Other Posts

BendPak Founder Don Henthorn Has Passed Away

Henthorn grew BendPak from a small machine shop to a global leader in car lifts and garage equipment.

Lucas Oil Promotes Three Executives to Drive Growth and Development

New roles reflect ongoing strategy to enhance operational efficiency, drive domestic and global sales and expand strategic growth initiatives.

Holley Appoints Two New VPs to Accelerate Growth

Automotive industry experts Charlie Taylor and Will Robbins join Holley Performance Brands to lead digital strategy and consumer product strategy, respectively.

Shop Boss Introduces PayPal and Venmo Payment Option

Shop Boss, a web-based shop management software, has become the first shop management software to launch fully integrated PayPal and Venmo payment capabilities. The new feature of Boss Pay, Shop Boss’ all-in-one payments platform, is exclusively for Text-to-Pay customers and enables shops to drive revenue, promote next-gen appeal, and seamlessly integrate with their existing checkout.  Related