MINNEAPOLIS—Norwest Equity Partners has sold Minnesota Rubber & Plastics to KKR, a private equity firm that NEP believes will continue to invest in growing the rubber and plastics manufacturer.
NOVI, Mich.—Certain opportunities are just too perfect to pass up.
Continental A.G.’s Vibration Control business, which produces anti-vibration parts like engine mounts for the automotive industry, has a strong global presence, with 10 manufacturing plants mostly concentrated in Europe. But it needed to enhance its presence in North America.
Cooper Standard Automotive Inc.’s Anti-Vibration Systems business makes similar parts, but its strength is in the U.S. and Canada, with one site in France and two in India through a joint venture.
Qingdao, China – ContiTech AG has relocated its hose production plant in Qingdao to a new facility in Qingdao Sin-German Ecopark, on the east coast of Shandong province..
The RMB240-million (€30 million) plant covers an area of 84,000 sqm and manufactures “high-quality” hose products and mobile fluid system solutions for the Chinese automotive industry, the company announced 18 Oct.
ZUG, Switzerland—Partners Group, a private equity firm based in Zug, has completed its acquisition of Megadyne and intends to merge it with Ammeraal Beltech to create a broad-spectrum service provider for the belting industry.
WASHINGTON – The U.S. Department of Commerce has levied antidumping duties of 5.86 percent against most rubber band imports from Thailand.
The 9th edition of the International Rubber Glove Conference, the world’s biggest glove event, got off to a grand opening with the Malaysian Prime Minister Tun Dr Mahathir Mohammad assuring the Malaysian glove industry all support to scale further heights and make more profits.
Changshu, China – ContiTech AG has expanded its footprint in China with the opening of a production plant for 3D blow mould hoses in Changshu.
The company announced 28 Aug that the RMB 70 million (€10 million) production unit will supply hoses for high-performance turbochargers for automotive OEMs.
The hoses, ContiTech confirmed to ERJ, will be made of thermoplastic elastomers, expanding the company’s products and solutions portfolio within the Chinese automotive industry.
AUBURN HILLS, Mich., Aug. 9, 2018 /PRNewswire/ — Unique Fabricating, Inc. (“Unique” or the “Company”)(NYSE MKT: UFAB), which engineers and manufactures multi-material foam, rubber, and plastic components utilized in noise, vibration and harshness management and air/water sealing applications for the automotive and industrial appliance market, today announced its financial results for the second quarter ended July 1, 2018.
VANCOUVER, June 8, 2018 /CNW/ – North West Rubber Ltd, a leading manufacturer and distributor of recycled rubber solutions in North America, is pleased to announce that it will be opening a recycled rubber mat manufacturing facility in Houston, Texas in 2019.
MARCO ISLAND, Fla. – Specialty hose manufacturer Tubigomma Deregibus is spending $8 million to add 40,000 square feet to its Padua, Italy, factory, a project that will include a clean room for silicone hose.