Denver, CO — Dec. 19, 2002 — The Gates Rubber Company plans to relocate its world headquarters. It has leased a new office building in downtown Denver, not far from its exisiting offices.
“The relocation of our world headquarters to lower downtown Denver is wonderful news for all of us at Gates and wonderful news for Denver,” said Richard Bell, president of Gates. “The move represents a significant recommitment to Denver by the company, which is fully supported in this move by our corporate parent, Tomkins plc.”
The relocation will involve moving 850 employees from three buildings on its current campus into the 10-storey Legacy Plaza, which will be exclusively leased by the company. The move is expected to be completed by August 2003.
Historically, The Gates Rubber Company has been known in Denver by its large manufacturing complex in the south central area of the city. Gates ceased manufacturing activities in Denver in 1992, while growing its headquarters and management operations there.
Gates manufactures belt and hose products for industrial and automotive markets. It operates 44 manufacturing facilities — 18 in the United States — and 27 distribution centers in 20 countries. Worldwide, the company employs about 12,000 people.
The company was founded by Charles Gates, Sr., in the city in 1911.
Earlier this year, the company established a new hydraulic hose assembly plant near Greenville, S.C.
The 25,500-sq-ft redeveloped facility, opened in July 2002, fabricates hydraulic hose and coupling assemblies for Gates industrial original equipment customers.