Altra Holdings Net Worth is$730 M Sales
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Company Name: Altra Industrial Motion
Company Logo: Image:AIMLogo rgb t.jpg
Company Type: Public company
Company Slogan: The Power of Experience
Foundation: 2004
Location: Braintree, MA
Key People: Carl Christenson, President & CEO, Mark Klossner, VP & General Manager
Num Employees: 3,000
Revenue: {{profit}}$635M United States dollar (2008)
Industry: Manufacturing - Power Transmission
Divisions: Electrical Clutches & Brakes, Overrunning Clutches & Bearing Assemblies
Homepage: []
Altra Industrial Motion is a manufacturer of mechanical power transmission products - brakes, clutches, couplings, and the like. While the products sound automotive to the layman, in fact most Altra products are used on industrial machinery, such as fail-safe brakes for elevators and forklifts, gearboxes on conveyors, heavy duty brakes on mining equipment, clutches for beverage capping equipment, etc.
Altra is a holding company, owning some of the power transmission industries strongest brands, amongst them: Ameridrives, Boston Gear, Warner Electric, TB Wood's Incorporated, Stieber Clutch, Twiflex, Matrix International, Warner Linear and Wichita Clutch.
The company is headquartered in Braintree, MA. In 2008, they recorded sales of $635M USD.
The company was founded in 2004 through the acquisition of the Colfax Power Transmission Group (CPTG) by private equity firm Genstar Capital. At the time, CPTG was roughly $250M in sales per year, and consisted of the brands Ameridrives, Boston Gear, Formsprag, Marland, Nuttall/Delroyd, Stieber, Warner Electric, and Wichita Clutch. Following the sale, the company made several strategic acquisitions, including TB Wood's, Hay Hall (Bibby, Matrix, Twiflex, Huco, and Inertia Dynamics), and Bear Linear (now Warner Linear), doubling the size of the company.
Colfax was itself founded in 1996 by brothers Steven M. Rales and Mitchell Rales, founders of Danaher Corporation, with the strategy of bringing together leading brands in power transmission and pumps. Following the sale of their Power Transmission brands, Colfax retained their pump division, and itself went public in May, 2008.
While Altra is a relatively young company, the brands have been in existence for many, many years. The brands and the year they were founded are as follows:
Altra Industrial Motion went public in December, 2006. It trades on the NASDAQ exchange under the symbol AIMC.
Altra's broad product range can be divided into five distinct platform

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Altra Holdings Latest News

Altra Holdings changes its name

BRAINTREE, Mass. (AP) -- Industrial products company Altra Holdings Inc. said Monday that it has changed its name to Altra Industrial Motion Corp. The company's stock will continue to trade under its current ticker symbol "AIMC" on the Nasdaq. Altra said ...
Posted: November 25, 2013, 10:57 am

Altra Holdings Announces Closing of Bauer Gear Motor Business Acquisition

BRAINTREE, Mass., May 31, 2011 (GLOBE NEWSWIRE) -- Altra Holdings, Inc. (Nasdaq:AIMC), a leading global supplier of clutch brakes, couplings, gearing, belted drives and power transmission components, today announced that it has closed on the previously ...
Posted: May 31, 2011, 6:46 am

Altra Holdings to acquire Svendborg Brakes for EUR 80.1M

Altra Holdings announced that it has signed a definitive agreement to acquire the shares of Svendborg Brakes A/S and S.B. Patent Holding ApS for a cash consideration of 80.1M Euros, less the cash remaining on the balance sheet at close, which is payable ...
Posted: November 7, 2013, 2:51 am
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