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December 03, 2020 01:53 PM

Belt Power buys Rubber Services, expanding western U.S. market

Rubber & Plastics News Staff
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    MARIETTA, Ga.—Belt Power L.L.C. has acquired Denver-based Rubber Services Corp., giving Belt Power a larger footprint in the Mountain West and Midwest U.S. regions for the distributor and fabricator of conveyor belts and related components.

    The acquisition of Rubber Services, a provider of lightweight belting solutions, was finalized Dec. 1. Terms of the transaction were not disclosed.

    "Rubber Service and Lou Siemer have earned a strong reputation in the lightweight belting industry based on providing excellent service to their customers for over 40 years," Belt Power CEO Don Heitmeier said in a statement. "We look forward to combining our shared capabilities and teams to expand our service solutions to the Rubber Service customers. I look forward to building on the current capabilities and continuing to expand our presence in the Denver area and throughout the Western U.S."

    Siemer, owner of Rubber Services, will be in charge of the new branch for Belt Power.

    "Rubber Service Corp. is excited to join the Belt Power team," Siemer said. "Both companies share the same customer service focus, and through an increasing network of locations and industry offerings, together we will be well positioned to deliver more valuable solutions for our customers."

    Belt Power, owned by Chicago-based private equity firm Shorehill Capital L.L.C., supplies conveyor system components, including conveyor belts, equipment and accessories and rubber, hose and gasket products.

    "Shorehill is thrilled to support Belt Power's continuing efforts to expand geographically, and we believe this combination is important to our continuing revenue growth into the Western United States," said Rob Hogan, Shorehill Capital managing director.

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