“We have carefully selected the best suitor, Midwest Rubber, to carry on the legacy and reputation we have built over 40 years.”
Deckerville, Mich. (PRWEB) August 15, 2016
Midwest Rubber Company, a manufacturer of rubber and plastic products will acquire Xccent Medical and Industrial Division, a manufacturer of rubber and flexible products for the medical and industrial industry, based in Wyoming, Minnesota, USA. Agreements to this effect were signed on August 8, 2016. Xccent M&I’s operation will transfer to Midwest Rubber’s headquarters in Sanilac County, Michigan. The acquisition will allow Xccent to continue to focus on their core business of fitness and playground equipment. All parties agree the purchase price will not be disclosed.
This move complements Midwest Rubber’s portfolio of business by expanding its reach in the medical and industrial sector. “This planned acquisition will further establish Midwest Rubber Company as a premier leader in the rubber and flexible products industry, and one of America’s few remaining latex dip molders. It will also bring ten new jobs to Michigan,” says Kenneth Jehle, president of Midwest Rubber Company.
“This is great news for our customers, as Midwest Rubber offers additional process capabilities outside of vinyl and latex dip molding such as rotational molding and urethane foam molding, and unique engineering and problem-solving expertise,” says John Mathiesen, president of Xccent, Inc. “We have carefully selected the best suitor, Midwest Rubber, to carry on the legacy and reputation we have built over 40 years.”
Established in Detroit in 1946, Midwest Rubber Company designs, engineers and manufactures form-dipped, slush-cast, and rotational-molded rubber and plastic parts for the automotive, medical, heavy duty truck, consumer goods, and agricultural equipment industries. Its customer base spans four continents. For more information, visit http://www.mwrco.com.