Dayco Products acquires Australia-based Precision Parts Pty. Ltd.
Dayco Products LLC continues its expansion activities into the harmonic balancer manufacturing market with the acquisition of Precision Parts Pty. Ltd. The company will now operate under the name Dayco Precision Holdings Pty. Ltd.
Precision Parts is an Australian-based manufacturer of harmonic balancers, performance balancers and engine idler pulleys, as well as a supplier of overrunning alternator pulleys for the automotive aftermarket industry and possesses one of the world’s largest ranges of automotive harmonic balancers.
Increasing demand for new balancers in the worldwide automotive market has allowed Precision Parts to invest in tooling to produce an extensive range of new products marketed under the Powerbond brand. Precision Parts also manufactures Nuline engine pulleys with a manufacturing range that has grown rapidly since its inception.
Dayco will now add harmonic balancers to its extensive line of automotive aftermarket products, which includes serpentine belts, v-belts, timing belts and timing component kits, tensioners, pulleys and hose. Following the recent acquisition of Metavation as well as the damper portion of EPTEC from Revstone, Dayco is now manufacturing harmonic balancers for both the original equipment market and the automotive aftermarket in all global markets.
For more information about Dayco, visit the company's website at www.dayco.com.
For more on Dayco, see: