Altra Holdings Net Worth is$730 M Sales
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Company Name: Altra Industrial Motion

Company Logo: Image:AIMLogo rgb t.jpg

Company Type: Public company

Company Slogan: The Power of Experience

Foundation: 2004

Location: Braintree, MA

Key People: Carl Christenson, President & CEO, Mark Klossner, VP & General Manager

Num Employees: 3,000

Revenue: {{profit}}$635M United States dollar (2008)

Industry: Manufacturing - Power Transmission

Divisions: Electrical Clutches & Brakes, Overrunning Clutches & Bearing Assemblies

Homepage: [http://www.altramotion.com/ www.altramotion.com]

Altra Industrial Motion is a manufacturer of mechanical power transmission products - brakes, clutches, couplings, and the like. While the products sound automotive to the layman, in fact most Altra products are used on industrial machinery, such as fail-safe brakes for elevators and forklifts, gearboxes on conveyors, heavy duty brakes on mining equipment, clutches for beverage capping equipment, etc.
Altra is a holding company, owning some of the power transmission industries strongest brands, amongst them: Ameridrives, Boston Gear, Warner Electric, TB Wood's Incorporated, Stieber Clutch, Twiflex, Matrix International, Warner Linear and Wichita Clutch.
The company is headquartered in Braintree, MA. In 2008, they recorded sales of $635M USD.
The company was founded in 2004 through the acquisition of the Colfax Power Transmission Group (CPTG) by private equity firm Genstar Capital. At the time, CPTG was roughly $250M in sales per year, and consisted of the brands Ameridrives, Boston Gear, Formsprag, Marland, Nuttall/Delroyd, Stieber, Warner Electric, and Wichita Clutch. Following the sale, the company made several strategic acquisitions, including TB Wood's, Hay Hall (Bibby, Matrix, Twiflex, Huco, and Inertia Dynamics), and Bear Linear (now Warner Linear), doubling the size of the company.
Colfax was itself founded in 1996 by brothers Steven M. Rales and Mitchell Rales, founders of Danaher Corporation, with the strategy of bringing together leading brands in power transmission and pumps. Following the sale of their Power Transmission brands, Colfax retained their pump division, and itself went public in May, 2008.
While Altra is a relatively young company, the brands have been in existence for many, many years. The brands and the year they were founded are as follows:
Altra Industrial Motion went public in December, 2006. It trades on the NASDAQ exchange under the symbol AIMC.
Altra's broad product range can be divided into five distinct platform

Altra Holdings Latest News

Of Delaware Boosts Position in Anadarko Petroleum Corporation (APC)

Victory Cap Inc has invested 0.13% in Altra Industrial Motion Corp (NASDAQ ... It dived, as 59 investors sold APC shares while 242 reduced holdings. 23 funds opened positions while 61 raised stakes. 472.75 million shares or 0.09% more from 472.34 million ...
Posted: August 11, 2017, 4:40 am

Altra Pumping Out Profits And Nice Gains

Altra Holdings Inc. (AIMC – Snapshot Report) reached its 52-week high on January 4, as shares have been gaining since the company reported third-quarter results in October. With a 20% increase in its dividend and rising earnings estimates, this Zacks #1 ...
Posted: January 8, 2013, 12:24 pm

Is Altra Holdings, Inc. (AIMC) Going to Burn These Hedge Funds?

Altra Holdings, Inc. (NASDAQ:AIMC) shareholders have witnessed a decrease in enthusiasm from smart money in recent months. In the eyes of most market participants, hedge funds are viewed as worthless, old financial vehicles of the past. While there are ...
Posted: June 12, 2013, 9:21 am

Mitra Capital LLC Buys MarineMax Inc, Altra Industrial Motion Corp, Centene Corp, Sells ...

The holdings were 154,280 shares as of 2017-06-30. Mitra Capital LLC initiated holdings in Altra Industrial Motion Corp. The purchase prices were between $36.75 and $44.15, with an estimated average price of $40.99. The stock is now traded at around $44.90.
Posted: August 14, 2017, 4:38 am

First Bancorp (FBNC) At $30.57 Forms Top; Altra Industrial Motion (AIMC) SI Increased By 2.7%

Altra Industrial Motion Corporation (NASDAQ ... It is positive, as 7 investors sold First Bancorp shares while 25 reduced holdings. 22 funds opened positions while 42 raised stakes. 13.27 million shares or 21.17% more from 10.95 million shares in 2016Q3 ...
Posted: August 16, 2017, 6:43 am
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