Troy, Michigan – May 18, 2015 – Dayco, a leading global engine management technologies supplier for the automotive, industrial and aftermarket end-markets, today announced it is celebrating the 110th anniversary of its founding in Dayton, Ohio.
When Dayco, then known as Dayton Rubber Manufacturing Company, opened for business on May 17, 1905, it was a dream come true for the five seasoned industrialists who founded the company. After a modest beginning manufacturing garden hose and canning jar rubber sealing rings, Dayco has grown into a global company with a reputation for an insatiable craving to develop new products, improve established products and increase manufacturing and distribution efficiencies.
“During the past 110 years, Dayco established its place in the industry by engineering innovative products, such as the Airless Tire, the first raw-edge v-belt, the first synthetic rubber tire, the first multi-ribbed ‘serpentine’ belt and the first automatic serpentine belt tensioner, among other products,” said John Bohenick, Chief Executive Officer for Dayco. “Dayco has continued to create excitement in the markets we serve and deliver value to our customers with innovative systems, products and services while expanding our identity, our product offerings and our customer base to become a highly-respected, worldwide manufacturer for the original equipment and replacement markets.”
Today, Dayco is a global manufacturer of engine timing belt drive, accessory belt drive and continuously variable transmission products, systems and solutions. With 4,300 employees and more than 40 manufacturing plants, distribution centers, technology centers and sales offices in 16 countries, Dayco has utilized its global footprint to establish relationships with all original equipment (OE) engine manufacturers and more than 1,500 distributors worldwide.
During the past five years, Dayco has expanded its business by opening manufacturing and distribution facilities in Asia, and by completing strategic acquisitions which resulted in the addition of new products as well as enhanced manufacturing, engineering and distribution capabilities.