Minnesota Rubber and Plastics announced that it has acquired Primasil Silicones, a Weobley, U.K.-based custom silicone rubber compounder, mixer and manufacturer.
Primasil focuses on the medical, HVAC and specialty industrial end markets. Officials at Minnesota Rubber see the Primasil purchase adding advanced silicone formulation and compounding expertise to the company’s offerings. Minnesota Rubber, based outside Minneapolis, also gains an expanded manufacturing footprint in Europe.
The financial terms of the deal were not disclosed.
“Primasil’s custom material formulation, mixing and molding expertise will complement Minnesota Rubber and Plastic’s renowned materials science and molding capabilities. It will also provide a wide variety of new solutions for our clients,” Minnesota Rubber and Plastics CEO Jay Ward said in a news release.
“We have a long history of successfully serving our customers in Europe, and the addition of a highly technical production presence in the U.K. and Czech Republic will allow us to take our local capabilities to the next level. Not only will the acquisition augment our materials science and manufacturing capabilities, but it will also expand our global scope – particularly in the medical end market – and further our plans to expand our European footprint while we actively look to partner and acquire technical elastomer companies across the region.”
Primasil’s proprietary silicone expertise will also contribute to Minnesota Rubber and Plastics’ Innovation Center, slated to open this spring adjacent to company headquarters.
Minnesota Rubber and Plastics is incorporated under the name Quadion. It makes engineered elastomers and thermoplastics for the medical, water and industrial markets.
