BRAINTREE, Mass. (AP) — Industrial products company Altra Holdings Inc. said Monday that it has changed its name to Altra Industrial Motion Corp.

The company's stock will continue to trade under its current ticker symbol "AIMC" on the Nasdaq.

Altra said that the name change reflects its strength as an operating company that is focused on adding value to its industry-leading brands. As part of the name change, the company's subsidiary Altra Industrial Motion Inc. has changed its name to Altra Power Transmission Inc.

Altra, based in Braintree, Mass., makes electromechanical power transmission products under brands such as Boston Gear, Warner Electric, TB Wood's and Bauer Gear Motor.

Its shares increased 20 cents to $29.97 by midday Monday. Its shares have risen 35 percent so far this year.