ARP inks licensing agreements with 2 foreign firms

LAPORTE, Ind. (June 14)—Automotive seal manufacturer American Rubber Products Corp. has reached agreements with two foreign companies in an effort to increase sales and expand its global market. Through a licensing agreement with Japan´s Tokiwa Chemical Industries Ltd., ARP will be one of the first companies to produce a new thermoplastic polyolefin seal in North America. In a separate deal announced in April, ARP and Bunbeg, Ireland-based Ruibear Motair Teoranta, an automotive components manufacturer, have agreed to use each other´s production facilities with the hope of eventually forming a joint venture.