TROY, Mich. – Dayco is pleased to announce 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, according to Dayco.
With the completion of this acquisition, Dayco says it becomes a market leader in tensioners and pulleys with the largest market share in South America. The acquisition will also allow the company to significantly strengthen its position in the South American automotive beltmarket.
“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 also will provide the Dayco North American Aftermarket division access to additional parts, improving Dayco’s product offering and coverage. Vertically integrated manufacturing ensures Dayco will continue to be a market leader for drive belt and timing components, the company says.
Nytron operates two production plants, one ofwhich 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.
