SAN CLEMENTE, Calif., Dec. 17, 2020 /PRNewswire-PRWeb/ -- IRP Group today announced the acquisition of the assets of KDL Precision Molding Corp ("KDL"). KDL is a leader in critical-to-function molded components for the Medical Device, Aerospace and Defense, and Oil Rotary Components industries.
KDL founder David Wyckoff and his partner Ben Bensal decided in February of 2020 that the time had come to begin their transition into retirement. The partners knew that they did not just want to sell KDL, they wanted to sell KDL to the right suitor that could continue the legacy they had started back in 1989 when they founded the company.
"Ben and I were interested in finding a company that shared in the criticality of engineering as well as continuing with the development of our personnel that has been instrumental to our success. Through the process of multiple suitors, we toured the IRP Group facilities and realized that IRP Group is similar in our values, selection of critical engineered parts and most important our philosophy towards our employees," said David Wyckoff, President of KDL.
"We look forward to welcoming KDL to the IRP Group of companies. Through our diligence it became clear that the rubber products made by the engineering team at KDL fit the IRP Group's mission of critical-to-function parts" said Rod Trujillo Founder/CEO of IRP Group. "Together we will continue with IRP Group's vision of critical-to-function companies producing elastomeric parts that are challenging and cement our relationship within our desired OEM engineering community."
IRP Group is comprised of four distinct facilities in Southern California focused on the Medical Device industry, Aerospace/Defense industry, Coating and Laminating industry and a Center of Excellence facility focused on turn-key Engineering and Automation. IRP Group will employ 220 employees, has been adding 25-40 employees annually for the past five years, and has an annual five-year CAGR (compounded annual growth rate) of 23%.
IRP Leadership welcomes KDL: https://bit.ly/3836F5J
Connect with us on LinkedIn: https://bit.ly/2WdmC3J
Media Contact
Philip Hering (Group Marketing Manager), IRP Group, +1 949-547-7455, [email protected]
SOURCE IRP Group
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