Transaction Represents the Combination of Materials Science Leaders in Custom Elastomer Products for the Medical, Water, and Industrial End Markets
MINNEAPOLIS – June 29, 2021
Quadion LLC, d.b.a. Minnesota Rubber and Plastics (“MRP” or the “Company”), a leading provider of highly engineered elastomer and thermoplastic solutions for the Medical, Water, and Industrial end markets, announced today its acquisition of Pawling Engineered Products (“Pawling”), a Pawling, New York-based custom elastomeric inflatable seal and extruded solutions provider.
“We’re thrilled to add Pawling, a company with a 75-year history of supplying unique, highly specialized elastomer solutions for mission-critical applications, to our family, and believe their dedication to superior in-house product design and custom materials formulation is highly complementary to MRP’s capabilities,” said Jay Ward, CEO of Minnesota Rubber and Plastics. “Innovation is at the heart of what we do, and this acquisition comes at an important time in our company’s history, as we’re set to expand and invest in technologies that drive highly differentiated value for our customers.”
Pawling’s product portfolio includes a wide range of highly engineered elastomer products, including inflatable seals and clamps, custom compression seals, gaskets, tubing, extrusion, and other elastomeric fabrications designed for critical and demanding applications.
The addition of Pawling’s capabilities will complement MRP’s existing offerings, which include highly engineered elastomer and thermoplastic solutions for medical device, water, food and beverage, transportation, and other essential industries globally. MRP has built a strong reputation over the course of its 76-year history for designing, developing, manufacturing and assembling products for harsh environments, tight tolerances, and technically demanding applications, including multi-material solutions and custom material formulations.
“The Pawling team is extremely excited about this opportunity. The potential synergies between the two companies are endless, and will allow us to become a better partner for all our stakeholders. We are ready to take this next step,” says Craig Busby, President of Pawling. “The cultures at MRP and Pawling align perfectly, recognizing employee engagement and market-driven innovation as the cornerstones of success. We’re not just acquiring great products and intellectual property; we’re adding a great team. We plan to extend ownership participation to all the new colleagues we welcome with Pawling,” added Ward.
Busby will continue to lead Pawling, reporting into the MRP organization.
Ballard Spahr LLP served as advisors to MRP, while Holland and Knight LLP served as advisors to Pawling.
About Pawling Engineered Products
Since 1946, Pawling Engineered Products, Inc. has provided customers with superior in-house design assistance for custom elastomer products, such as elastomeric seals, gaskets, and tubes. Pawling Engineered Products is a vertically integrated business designing, selling and manufacturing the Pneuma-Seal® custom elastomer inflatable seal, clamp, and actuator product line. Other capabilities include custom elastomer and plastic products, silicone tubing, and Cepure® brand septa and closure liners for the laboratory market. Pawling Engineered Products has been ISO 9001 certified since 1994. For more information, please visit www.pawlingep.com.
About Minnesota Rubber and Plastics
Minnesota Rubber and Plastics (MRP) is a global leader in material compound development, engineering, design, and manufacturing of custom elastomeric and thermoplastic components and assemblies. For more than 76 years, the Company has built a reputation for consultative design services, successful production of “the tough parts,” and best-in-class service. With facilities across North America, Europe, and Asia, MRP collaborates with world-class organizations to solve difficult sealing and component challenges. The Company’s full-service capabilities include materials science and formulation, new product prototyping and development, operational excellence, and supply chain consolidation. The Company places emphasis on research and development in both elastomers and thermoplastics, which empowers MRP technicians to design, formulate, develop, and test a wide range of highly engineered materials and parts. For more information, please visit www.mnrubber.com.
Media Contacts:
Minnesota Rubber and Plastics
Karl Spilseth
Global Marketing
(952) 927-2161
kspilseth@mnrubber.com
