Align Capital acquires Marco Rubber & Plastics

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DALLAS—Align Capital Partners has announced the recapitalization and acquisition of New Hampshire-based manufacturer Marco Rubber & Plastics. Terms of the deal were not disclosed.

Marco is a specialty distributor of elastomer components including O-rings and gaskets. It serves a variety of end markets including the aerospace, medical, semiconductor and chemical sectors.

Read the source article at Rubber and Plastics News

German hose manufacturer expects acquisition to help push sales to €400m in 2020

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Frankfurt, Germany – Tristone Flowtech Group has acquired Anhui Zhongding Rubber Hose Products Co. Ltd in Ningguo, in eastern China from its parent company Anhui Zhongding Sealing.

The deal, terms of which were not disclosed, was completed on 1 Jan and the Chinese entity has been renamed as Anhui Tristone Flowtech Ltd, Tristone announced 13 Jan.

Read the source article at European Rubber Journal

Magna expects lower 2020 sales, ends Lyft partnership

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While Magna International Inc. anticipates growth to 2022 it does expect sales this year to fall compared with 2019 due to a variety of factors. In its , the Canadian auto supply giant said the stronger U.S. dollar, the sale of its fluid pressure and controls business and lower expected light vehicle production in Europe will all contribute to lower sales in 2020. The company says it expects total sales between $38 billion and $40 billion this year.

Read the source article at Front Page

Polish rubber parts maker opens Mexico plant

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San Luis Potosi, Mexico – Polish rubber parts manufacturer Sanok Rubber Co. has opened a production plant in San Luis Potosi, in central Mexico, the company has announced.

The plant was officially inaugurated in October 2019 in the presence dignitaries and customers such as Ford, BMW, Webasto, the manufacturer said in a recent statement.

Named SMX Rubber Co., the Mexican subsidiary manufactures automotive parts and delivered its first sales in August last year.

Read the source article at European Rubber Journal

ARPM updates hose handbook

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INDIANAPOLIS—An updated IP-2 Hose Handbook is available from the Association for Rubber Products Manufacturers.

The publication for manufacturers, assemblers and end users was reviewed, updated and approved by member representatives of ARPM’s Hose Technical Committee. ARPM said its HTC documents and technical standards are reviewed every five years for revisions and relevance in the marketplace.

Read the source article at Rubber and Plastics News

Firestone Industrial Products Names New Executive Sales Directors for Global Consumer and Commercial Vehicles

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Firestone Industrial Products Company, LLC (FSIP) has named two new executive sales directors. Justin Monaghan has been named executive sales director, global commercial vehicles, and Ben Rosenblum has assumed the role executive sales director, global consumer vehicles.

Monaghan will be responsible for the business’ work to defend and grow replacement market share globally, as well as ensure FSIP is aligned with the right OE partners to improve reoccurring global sales.

Read the source article at Tire Review

Gates unveils hydraulic hoses for demanding environments

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DENVER—Gates Industrial has introduced a new hydraulic hose line, which it says is redefining high-pressure hydraulic performance.

Read the source article at Rubber and Plastics News

Covestro completes sale of European PU business

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HAMBURG, Germany—Covestro A.G. has completed the sale of its European polyurethane systems house business to a U.S. private equity firm, and the new business now has a new CEO and a new name: Plixxent.

Read the source article at Rubber and Plastics News

Continental acquires CRP Industries’ automotive aftermarket belt business

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FAIRLAWN, Ohio—Continental A.G. has acquired the assets and business of CRP Industries’ Continental-related belt business and kits program.

The firm said in an Oct. 7 news release that as a result of the deal, Continental has brought all of its Continental-branded aftermarket belt products under its North American business. The deal consists of import and domestic Continental-branded multi-V belts, accessory drive kits, V-belts, timing belts, pro series kits, pro series plus kits and black series kits.

Read the source article at Rubber and Plastics News

Continental acquires CRP Industries’ automotive aftermarket belt business

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FAIRLAWN, Ohio—Continental A.G. has acquired the assets and business of CRP Industries’ Continental-related belt business and kits program.

The firm said in an Oct. 7 news release that as a result of the deal, Continental has brought all of its Continental-branded aftermarket belt products under its North American business. The deal consists of import and domestic Continental-branded multi-V belts, accessory drive kits, V-belts, timing belts, pro series kits, pro series plus kits and black series kits.

Read the source article at Rubber and Plastics News