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United States : GEAR MOTIONS takes on Niagara Gear company.

In the Town of Tonawanda, Gear Motions has taken over Niagara Gear Corp., including to its family of companies, sale price was not revealed. Syracuse-based Gear Motions also owns Oliver Gear and Pro-Gear in Buffalo, and Nixon Gear in Syracuse.

As per Gear Motions, the remaining of the 25 employees will continue with the company, with Robert Barden, vice president and general manager of Niagara Gear, running the daily operations.

Niagara Gear will also extend to functioning from its facility on Military Road.

Niagara Gear makes precision ground spur, helical and pump gears. Gear Motions president, Dean Burrows, said Niagara Gear has a strong presence in markets that Gear Motions has not traditionally served, such as the military and aerospace high-speed pump gear markets.

Sam Haines, chief executive officer of Gear Motions, said in a statement of the deal: It enables Gear Motions to offer more precision applications to a wider customer base and also permits Niagara Gear to supply larger ground and cut spur helical gears to its existing customers through its new sister company, Oliver Gear.

Niagara Gear s workers will be integrated into Gear Motions Employee Stock Ownership Plan, as stated by Babisz.

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Publication:Mena Report
Date:Jan 20, 2014
Words:209
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