After opening its Paris, Arkansas, manufacturing plant in 1963, Cloyes Gear and Products announced it has successfully regained ownership of the manufacturing operation facility from American Axle & Manufacturing (AAM).

AAM held ownership of the plant following its 2017 acquisition of Metaldyne Performance Group Inc. (MPG), which included Cloyes. In April 2018, Hidden Harbor Capital Partners, a private equity firm, acquired Cloyes and immediately started the process of purchasing the Paris plant to continue Cloyes’ nearly 100-year-old manufacturing history in the US.

“It is a huge advantage for our company to be able to stay in this area and retain our employees’ skill set and wealth of knowledge. It is also a great opportunity for the town to maintain high paying manufacturing jobs, which coincidently are closely linked to jobs that our local career center is preparing our young and upcoming workforce for,” Cloyes VP of Manufacturing Steve Fairbanks said.

The 155,00-square-foot manufacturing plant manufactures highly machined powertrain gears, sprockets, and idler assemblies for automotive original equipment manufacturers, the automotive aftermarket, marine, and high-performance applications.

The plant’s key processes include machining, hobbing and shaping, heat treatment, and finishing, and is also home to a quality and metrology laboratory that supports both manufacturing and engineering product development.

For more information, visit cloyes.com.

Photo courtesy of Cloyes