Profile: Altra Industrial Motion Corp (AIMC.OQ)

AIMC.OQ on NASDAQ Stock Exchange Global Select Market

31.49USD
16 Sep 2014
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$-0.12 (-0.38%)
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Altra Industrial Motion Corp., formerly Altra Holdings, Inc., incorporated on October 20, 2004, is a global designer, producer and marketer of a range of mechanical power transmission (MPT), and motion control products serving customers in a range of industries, including energy, general industrial, material handling, mining, transportation, and turf and garden. The Company’s product portfolio includes industrial clutches and brakes, open and enclosed gearing, couplings, engineered belted drives, engineered bearing assemblies, linear components, gear motors, electronic drives and other related products. Its products are used in a range of manufacturing processes. The Company's products are also used in non-manufacturing applications, such as clutches and brakes for elevators and residential and commercial lawnmowers. The Company is the parent company of Altra Industrial Motion, Inc. (Altra Industrial), and owns 100% of Altra Industrial’s interest. Altra Industrial, directly or indirectly, owns 100% of the capital stock of its 55 subsidiaries and 85% of one of its subsidiaries located in Brazil. On July 11, 2012, the Company acquired 85% of Lamiflex do Brasil Equipamentos Industriais Ltda., known as Lamiflex Do Brasil Equipamentos Industriais S.A. (Lamiflex). Lamiflex is a Brazilian manufacturer of high-speed disc couplings. In December 2013, the Company acquired Svendborg Brakes A/S and S.B. Patent Holding ApS. In July 2014, Altra Industrial Motion Corp acquired Guardian Industries Inc.

The Company’s brand names include Warner Electric, Boston Gear, TB Wood’s, Kilian, Nuttall Gear, Ameridrives, Wichita Clutch, Formsprag Clutch, Bibby Transmissions, Stieber, Matrix, Inertia Dynamics, Twiflex, Industrial Clutch, Huco Dynatork, Marland Clutch, Delroyd, Warner Linear, Bauer Gear Motor and PowerFlex. Its products serve a range of end markets, including aerospace, energy, food processing, general industrial, material handling, mining, petrochemical, transportation and turf and garden. It primarily sells its products to original equipment manufacturers (OEMs) and through industrial distributors, such as Motion Industries, Applied Industrial Technologies, Kaman Industrial Technologies and W.W. Grainger.

Clutches and Brakes

The Company manufactures a range of clutches and brakes in three main product categories: electromagnetic, overrunning and heavy duty. Its clutch and brake manufacturing facilities are located in Connecticut, Indiana, Illinois, Michigan, Texas, the United Kingdom, Germany, France and China. In electromagnetic clutches and brakes category its industrial products include clutches and brakes with controls for material handling, forklift, elevator, medical mobility, mobile off-highway, baggage handling and plant productivity applications. It also offers a line of clutch and brake products for walk-behind mowers, residential lawn tractors and commercial mowers. The Company also manufacture several vehicular applications including on-road refrigeration compressor clutches and agricultural equipment clutches. It markets its electromagnetic products under the Warner Electric, Inertia Dynamics and Matrix brand names.

In overrunning clutches category the Company’s product line includes indexing and backstopping clutches. Its industrial applications include conveyors, gear reducers, hoists and cranes, mining machinery, machine tools, paper machinery, packaging machinery, pumping equipment and other specialty machinery. The Company market and sell these products under the Formsprag, Marland and Stieber brand names. Its heavy duty clutch and brake product lines serve various markets including metal forming, off-shore and land-based oil and gas drilling platforms, mining, material handling, marine applications and various off-highway and construction equipment segments. The Company's line of heavy duty pneumatic, hydraulic and caliper clutches and brakes are marketed under the Wichita Clutch and Twiflex brand names.

Gearing

The Company’s gearing products are used in various industrial, material handling, mixing, transportation and food processing applications. Its product lines include vertical and horizontal gear drives, speed reducers and increasers, high-speed compressor drives, enclosed custom gear drives, various enclosed gear drive and gear motor configurations and open gearing products such as spur, helical, worm and miter/bevel gears. It designs and manufactures a range of gearing products under the Boston Gear, Nuttall Gear, Delroyd, and Bauer Gear Motor brand names. The Company manufactures its gearing products at its facilities in New York, North Carolina, Germany, and Slovakia, and sells to a variety of end markets.

Engineered Couplings

The Company’s coupling product line includes gear couplings, high-speed disc and diaphragm couplings, elastomeric couplings, grid couplings, universal joints, jaw couplings and spindles. Its coupling products are used in a range of markets including power generation, steel and custom machinery industries. The Company manufactures a range of coupling products under the Ameridrives, Bibby and TB Wood’s brand names. Its engineered couplings are manufactured in its facilities in Mexico, Michigan, Pennsylvania, Texas, the United Kingdom and Wisconsin.

Engineered Bearing Assemblies

The Company’s engineered bearing assembly product line includes ball bearings, roller bearings, thrust bearings, track rollers, stainless steel bearings, polymer assemblies, housed units and custom assemblies. It manufactures a range of engineered bearing products under the Kilian brand name. It sells bearing products to a range of end markets, including the general industrial and automotive markets, with a particularly OEM customer focus.It manufactures its bearing products at its facilities in New York, Canada and China.

Power Transmission Components

Power transmission products are applicable in industrial markets, including metals processing, turf and garden and material handling applications. Specific product lines include linear actuators, miniature and small precision couplings, air motors, friction materials and hydrostatic drives. The Company manufactures a range of power transmission components under several businesses, including linear actuators, miniature and small precision couplings, air motors, friction materials, hydrostatic drives and other various items. It manufactures or markets a range of power transmission components under several businesses including Warner Linear, Huco Dynatork, Boston Gear, Warner Electric, TB Wood’s and Matrix. Its power transmission component manufacturing facilities are located in Illinois, Michigan, North Carolina, the United Kingdom and China.

Warner Linear is a designer and manufacturer of rugged service electromechanical linear actuators for off-highway vehicles, agriculture, turf care, special vehicles, medical equipment, industrial and marine applications. Huco Dynatork is a manufacturer and supplier of a range of precision couplings, universal joints, rod ends and linkages. The Company’s Boston Gear, Warner Electric, Matrix and TB Wood’s businesses make or market several other accessories such as sensors, sleeve bearings, alternating current (AC)/ direct current (DC) motors, shaft accessories, face tooth couplings, mechanical variable speed drives, and fluid power components that are used in numerous end markets.

Engineered Belted Drives

The Company’s belted drive line includes three types of v-belts, three types of synchronous belts, sheaves and sprockets, and split taper bushings. It sell belted drives to a range of end markets, including aggregate, energy, chemical and material handling. Its engineered belted drives are manufactured under the TB Wood’s brand in its facilities in Pennsylvania and Mexico.

The Company competes with Emerson Power Transmission Manufacturing LP, Rexnord Corporation, and Regal-Beloit Corporation.

Company Address

Altra Industrial Motion Corp

Suite 201, 300 Granite Street
BRAINTREE   MA   02184
P: +1781.9170600
F: +1781.8430709

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