Altra Holdings Inc. Listed on Forbes ‘100 Best Small Public Companies in America’
Tuesday, November 22, 2011Altra Holdings Inc., a leading global designer, producer and marketer of a wide range of electromechanical power transmission products was recently named in Forbes Magazine’s “100 Best Small Public Companies in America”. Altra, headquartered in Braintree, Mass., was one of 27 newcomers to the 2011 list.
Altra had sales of $520 million in 2010 and has over 3,300 employees located at manufacturing and sales facilities around the world. Based upon Altra’s current guidance, the company is forecasted to increase revenues by more than 28% in 2011 versus 2010 and diluted earnings per share growth is anticipated to exceed 50%.
The Forbes list includes companies that have outstanding sales and earnings growth. Candidates must have been publicly traded for at least a year with revenues between $5 million and $1 billion. “Altra made the cut on the strength of their results over the past 12 months,” said Kurt Badenhausen, Forbes Senior Editor. Stock performance versus each company’s peer group was also considered. The list can be viewed at www.forbes.com/best-small-companies.
“Our mission is to provide an above average return on investment to our shareholders, an enriching and creative work environment for our associates, and the best value-added electromechanical power transmission solutions to our customers,” said Carl Christenson, President and CEO. “Going forward, we will continue to execute aggressively on our growth strategy that focuses on capitalizing on opportunities in new and existing markets, increasing our presence in key under-penetrated geographic regions, entering new high-growth markets, and pursuing strategic acquisitions.”
Altra products are marketed in more than 70 countries under a variety of well recognized and established manufacturing brand names. These leading brands are Ameridrives, Ameridrives Power Transmission, Bauer Gear Motor, Boston Gear, Warner Electric, Formsprag Clutch, TB Wood’s Inc., Industrial Clutch, Kilian Manufacturing, Marland Clutch, Nuttall Gear, Stieber Clutch, Twiflex Ltd, Huco Dynatork, Bibby Transmissions, Matrix International, Inertia Dynamics, Delroyd Worm Gear, Warner Linear, and Wichita Clutch.
The Altra product portfolio features more than 40 product lines including industrial clutches and brakes, enclosed gear drives, open gearing, couplings, machined-race bearings, variable frequency and belted drives, linear actuators, and other related products.
Altra customers operate in a diverse group of industries worldwide, including general industrial, material handling, aggregate and mining, automotive, marine, power generation, oil and gas, transportation, and turf and garden.
For more information, visit www.altramotion.com
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