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Released On March 22, 2012

Contact: Mari Jane Panek
303.744.4533
mjpanek@gates.com

Gates Corporation to close Charleston, Missouri manufacturing facility

Denver, CO– Gates Corporation announced today it will close its Charleston, Missouri fluid power manufacturing facility in response to the continued challenging economic climate and ongoing pressures to remain competitive.

“This is a very difficult decision for any company to make, especially because of the impact on our workforce,” said Scott Day, Vice President, Manufacturing. “We want to thank our employees in Charleston for their hard work and service to the Company, and to assure them that Gates will make every effort to communicate effectively and support them through these necessary steps.

For information contact Mari Jane Panek, 303.744.4533 or mjpanek@gates.com.

About Gates Corporation

Celebrating its 100th anniversary, Gates Corporation (gates.com) is one of the world’s leading manufacturers of services, systems and components for power transmission and fluid transfer applications with operations in 30 countries. Gates maintains sales and marketing operations in every major industrial and automotive market, including North and South America, Europe, Asia, Australia and the Middle East. Gates is part of the Industrial & Automotive group of Tomkins Ltd., which is owned by a consortium comprising Onex Corporation and the Canada Pension Plan Investment Board. Tomkins enjoys strong market positions and technical leadership across all of its business activities and owns some of the best-known brands in their respective markets.