Dayco has announced the acquisition of the Nytron Group, a Brazilian-based manufacturer of drive belt and timing tensioners, pulleys and hydraulic actuators for the automotive aftermarket.
Nytron is the largest manufacturer of tensioners and pulleys in South America.
With the completion of this acquisition, Dayco says it has become the market leader in tensioners and pulleys, with the largest market share in South America. The acquisition will also allow Dayco to significantly strengthen its position in the South American automotive belt market.
“Expanding our global footprint ensures our leadership position is maintained in the tensioner and pulley markets,” said Ed Rammel, president of the North American and Australian Aftermarket divisions of Dayco. “This acquisition is another step forward in the continued evolution of our global strategic plan.”
Nytron will also provide the Dayco North American Aftermarket access to additional parts, improving Dayco’s product offering and coverage. According to a company press release, vertically-integrated manufacturing will ensure that Dayco continues to be first to market for drive belt and timing components.
Nytron operates two production plants, one of which is primarily dedicated to aluminum die casting operations. The aluminum die casting operation will offer synergies and opportunities for Dayco’s worldwide OE, heavy duty and aftermarket divisions.