Gates is a global manufacturer of highly engineered power transmission and fluid power solutions for industrial and automotive applications. The company produces elastomer drive belts, timing belts, metal drive components, and fluid power hoses and assemblies through two segments: Power Transmission and Fluid Power, which serve customers across automotive aftermarket and OEM channels, diversified industrial markets, and off-highway and on-highway equipment. Gates generates revenue through a premium pricing model based on the mission-critical nature of its products, supported by a global manufacturing footprint and strong aftermarket demand driven by natural product wear cycles and equipment downtime costs that far exceed component costs.