CLEVELAND—Align Capital Partners has announced the acquisition of Ipotec L.L.C., a distributor and fabricator of elastomeric materials and components based in Exeter, New Hampshire, as an add-on for its Marco Rubber & Plastics portfolio company.
Financial terms of the deal, which marks the third add-on company for Marco completed by Align, were not disclosed.
Marco is a specialty distributor of elastomer components, including O-rings and gaskets, that also is based in New Hampshire.
Ipotec services more than 2,600 global customers in a variety of end markets that include industrial, semiconductor, automotive, aerospace and medical.
The tuck-in deal supports Marco by adding to it additional products and capabilities as Ipotec's specialty products are added into Marco's proprietary software platform that links customers to more than 3,000 material formulations and 1 million SKUs.