Edge Adhesives announces acquisition of Parr Technologies
Fort Worth, TX January 5, 2012 – Edge Adhesives, a Fort Worth based manufacturer of specialty materials, announced today the acquisition of PARR Technologies, Inc. The transaction was completed with Edge Adhesives’ capital partner, Superior Capital Partners LLC , a Detroit-based private equity firm. The transaction follows the acquisition of Columbus-based Rubex Inc by Edge Adhesives in May 2011.
Located in Elkhart, Indiana, PARR Technologies is a manufacturer of butyl tapes, sealants, and coatings that are sold to the sound dampening, electrical, appliance, window & door, composite, and RV markets. The PARR transaction brings to Edge complementary product lines and manufacturing capacity, a diverse customer base and an experienced sales team.
Edge President and Chief Executive Officer Dave Burger commented, “This is a very exciting acquisition for Edge. The transaction supports Edge’s long-term manufacturing and marketing strategy while creating a larger, more diverse and substantial player in the industry. The combined company possesses several unique formulations and adhesive technologies that offer performance and environmental qualities that are among the best in the industry.”
Scott Hauncher, Superior’s Managing Director, commented, “This acquisition creates a third brand and division for our Edge Adhesives platform and continues the strong growth path of the Company. Since Superior’s 2010 acquisition of Edge Adhesives, we have completed two acquisitions, brought in a new business leader and quadrupled the run rate revenue of the business. We are proud to be partners with the management team at Edge and are excited for the future of the business.”
Edge Adhesives is a manufacturer of proprietary butyl and specialty hot melt products used in the construction and industrial markets for sealing, bonding and environmental protection. It markets a wide range of extruded tapes, coated films and hot melt adhesives to end users and under private label. Edge has a 30-year tradition of promoting environmental sustainability through both its manufacturing practices and its product benefits.
Related websites:
www.rubex-us.com
Add-On Acquisition of Rubex; New President and CEO
Fort Worth, TX May 9, 2011 – Edge Adhesives, a Fort Worth based manufacturer of specialty materials, announced today the add-on acquisition of Rubex, Inc. The transaction was completed with Edge Adhesives capital partner, Superior Capital Partners LLC, a Detroit-based private equity firm. Edge Adhesives acquired Rubex from Chemence Inc, a diversified chemicals company with operations in the United States and United Kingdom.
Based in Columbus, Ohio, Rubex is a manufacturer of engineered butyl mastics, converted tapes and sealants that are used in electrical, automotive, construction, and industrial applications. The Rubex acquisition expands Edge’s end markets, manufacturing capacity and portfolio of high performance adhesives and sealants.
Edge Adhesives also recently named Dave Burger as its President and Chief Executive Officer. Dave is a 25-year veteran of the adhesives and sealants industry and former Board Chair of the Adhesives & Sealants Council. Dave noted, “I am extremely excited to lead Edge Adhesives and Rubex. The partnership between Edge and Rubex creates a more diverse and substantial player in the industry with complementary manufacturing locations in Ohio and Texas. The combined company possesses several unique formulations and adhesive technologies that offer performance and environmental benefits that are among the best in the industry.”
Scott Hauncher, Superior’s Managing Director, commented, “This is a highly-complementary add-on acquisition for Edge Adhesives. Rubex brings identified growth opportunities that can be pursued with Edge’s leadership, sales and product development support. The combined company will execute on these growth opportunities and seek to grow through additional acquisitions in the industry.”
Edge Adhesives is a manufacturer of proprietary butyl and specialty hot melt products used in the construction and industrial markets for sealing, bonding and environmental protection. It markets a wide range of extruded tapes, coated films and hot melt adhesives to end users and under private label. Edge has a 30-year tradition of promoting environmental sustainability through both its manufacturing practices and its product benefits.
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