In 1996, Gates Corporation, formerly known as The Gates Rubber Company, became a wholly-owned subsidiary of Tomkins Ltd., ending 85 years of ownership by the Gates family. At the time of the transaction, Gates was the largest non-tire rubber company in the world providing Tomkins with a strong platform from which to build a global industrial and automotive components business.

Tomkins Ltd. is a world class global engineering and manufacturing group with market and technical leadership across two businesses: Industrial & Automotive and Building Products.

In 2010, Tomkins was acquired by Onex Corporation and the Canada Pension Plan Investment Board.

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