Tomkins Plc, medicine a manufacturer of auto parts and building products that was taken private in 2010 in a $5 billion leveraged buyout, order filed for an initial public offering in the United States under the name Gates Global Inc.
In the filing, viagra Gates proposed to raise up to $100 million in the IPO. The amount of money a company says it plans to raise in its first IPO filing is used to calculate registration fees. The final size of the IPO could vary.
Gates is the name of the Tomkins division that accounts for most of its business. The company decided to adopt this name as it prepares for an IPO. The Denver, Colorado-based firm has manufacturing operations in 29 countries. It sells products ranging from power transmission systems to acrylic bathtubs in over 120 countries, according to the filing.
Gates serves a broad range of sectors, including oil and gas, mining, construction, agriculture, transportation, automotive and manufacturing. The company generated $2.9 billion in sales and $536 million in adjusted earnings before interest, tax, depreciation and amortization in the 12 months ending September 28, the filing shows.
The Gates shares to be sold in the IPO will come only from its private equity owners, which will pocket the proceeds, according to the filing. The amount of shares to be sold has yet to be disclosed.