Altra Industrial Motion

Altra Industrial Motion
Public
Industry Manufacturing - Power Transmission
Founded 2004
Headquarters Braintree, Massachusetts, United States
Key people
Carl Christenson, President & CEO
Christian Storch, CFO
Gerry Ferris, VP - Sales
Craig Schuele, VP - Marketing & Bus Dev
David Ebling, VP & General Manager
Mark Stuebe, VP & General Manager
Ed Novotny, VP & General Manager
Bill Duff, VP & General Manager
Mark Klossner, VP & General Manager
Revenue Increase$635M USD (2008)
Number of employees
3,000
Divisions Electrical Clutches & Brakes
Heavy Duty Clutches & Brakes
Couplings
Gearing
Overrunning Clutches & Bearing Assemblies
Slogan The Power of Experience
Website www.altramotion.com
Altra CEO Carl Christenson together with a Wichita Clutch KopperKool brake on an anchor winch in Singapore.
A Marland Clutch installed at the coal loading facility in Port Hedland, WA, Australia, together with two employees from Altra's sales and support office in Castle Hill, NSW.
An Ameridrives universal joint at work in a steel mill in Tianjin, China.
A Warner Electric elevator brake installed on a Japanese traction motor.

Overview

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.[1]

The company is headquartered in Braintree, Massachusetts. In 2008, they recorded sales of $635M USD.

History

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.[2]

While Altra is a relatively young company, the brands have been in existence for many, many years.[3] The brands and the year they were founded are as follows:

TB Wood’s (1857)

Boston Gear (1877)
Nuttall Gear Corp. (1897)
Bibby Transmissions (1919)
Kilian (1922)
Delroyd (1922)
Warner Electric (1927)

Ameridrives (1928)

Industrial Clutch Corp. (1930)
Marland (1931)
Matrix International (1939)
Stieber (1944)
Twiflex Limited (1946)
Formsprag (1946)

Centric (1948)

Wichita Clutch (1954)
Huco Engineering (1965)
Inertia Dynamics (1971)
All Power (1986)
Bear Linear (2001)

Altra Industrial Motion went public in December, 2006. It trades on the NASDAQ exchange under the symbol AIMC.

Product Platforms

Altra's broad product range can be divided into five distinct platforms:[3]

Production Locations

Altra operates production facilities in the United States, Europe, and Asia. Since the companies founding in 2004, many of the factories produce more than one brand.[4] Key facilities include:

USA Europe Asia
Belvidere, IL

Chambersburg, PA
Charlotte, NC
Columbia City, IN
Green Bay, WI
New Hartford, CT
Niagara Falls, NY
San Marcos, TX
South Beloit, IL
Syracuse, NY
Warren, MI
Wichita Falls, TX

Bedford, UK

Brechin, Scotland, UK
Dewsbury, UK
Garchen (Munich), Germany
Heidelberg, Germany
Hertford, UK
St. Bartelemy d'Anjou (Angers), France
Twickenham, UK

Shenzhen, China

The Altra Business System

The company credits much of its success to the Altra Business System (ABS), a comprehensive business management system designed to achieve world-class excellence. The Altra Business System has two key ingredients - The voice of the customer (VOC) and total associate involvement. ABS focuses on improvements in quality, delivery, and cost to drive customer satisfaction. It also provides the tools to achieve specific business objectives with the involvement of all associates.[5]

ABS was not invented by Altra .... it is based on the Toyota Production System.

Notes

  1. http://www.altramotion.com/Main_AboutAltra.asp
  2. Colfax annual report
  3. 1 2 Company presentation
  4. Annual Report 2008
  5. Company website
This article is issued from Wikipedia - version of the Tuesday, December 01, 2015. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.