The acquisition is the fifth by Apa-che—which does business as Apache Inc.—in the past five years, the company said. Trico Belting & Supply has sites in Cincinnati and Chicago.
Apache said its expertise in the heavy-duty belting market is an ideal fit with Trico's expertise in light-duty belting.
Last September Apache changed its business model from selling directly to end users, and now concentrates its sales efforts on distributors, dealers and original equipment manufacturer customers.
With this change Apache's and Trico's market approaches are consistent, the firm said, and is a key element in the strategic alignment that enabled the companies to come together seamlessly.
“This acquisition is Apache's larg-est one to date, and we are thrilled to bring on board the expertise and commitment to excellence of John Shafer and the team at Trico,” said Tom Pientok, Apache president and CEO.
Shafer, who serves a Trico president, said the firms are a natural fit.
“This acquisition brings together two great companies with a strong passion for customer service and helps provide distributor and OEM customers with more of the products, services, solutions and technical expertise,” he said.
Shafer will stay on with the company.
Rubber Division adopts new name for fall event
AKRON—The ACS Rubber Division has adopted the name International Elastomer Conference as the overall title of its annual fall meeting and expo.
“The decision to add a new overall name to the event was made so that it was a simpler, more direct representation of what the event truly is and all that it offers,” said Ed Miller, executive director of the association. “It also allows the flexibility to bring on new partners in the future without requiring a change to the overall name of the event.”
Under the umbrella name of the International Elastomer Conference, the components of the event will continue to be the International Rubber Expo, Technical Meeting and Educational Symposium, the division said.
The division said it has expanded its resource offerings to encompass the broader elastomeric industry, and decided a new event name would better reflect its mission and vision.
The components of the 2013 International Elastomer Conference—taking place in Cleveland this fall—will continue to be the International Rubber & Advanced Materials In Healthcare Expo, Technical Meeting and Educational Symposium, the organization said.
The division's International Rubber Expo and the expanded exhibition that includes the healthcare expo will take place in alternate years, the association said.
The first International Rubber & Advanced Materials in Healthcare Expo in 2011 drew more than 4,300 attendees.
This year the division will hold its spring technical meeting in Akron April 21-24, and the fall International Elastomer Conference Oct. 7-10 at the I-X Center in Cleveland.
Seals Unlimited latest company to join ARPM
INDIANAPOLIS—The Association for Rubber Products Manufacturers has another new member—Seals Unlimited Inc.
The Hillsboro, Ore.-based company has been producing rubber extrusion, rubber moldings, gaskets and hydraulic gate seals for a wide range of industries for 26 years, the ARPM said.
Seals Unlimited also provides die and water jet cutting of a variety of flat gasket type materials.
“I want to hit the ground running in 2013 with the company and feel that we can use some of the association's resources and publications offered in our efforts.” said Teri Woodward, Seals Unlimited general manager.
Woodward said he's been visiting the ARPM website and watching the organization since its creation in 2010 as the non-tire rubber goods trade group for the U.S. rubber industry.