WOODSTOCK, Ill. (March 20)—A Specialty Elastomer Technologies Inc. business unit has acquired Thailand-based custom rubber molder Acushnet (Thailand) Ltd. from Acushnet Rubber Co. for an undisclosed amount. The acquisition by SETi Distribution Inc. will allow it to respond quickly and efficiently to global demands of the market and customers, said SETi CEO Ronald Parrish. SETI, a group of rubber and plastic product companies formed in June 2002, serves the automotive, truck, marine, food process and industrial markets around the globe. Acushnet Ltd. makes wiper blades, brake components, and custom molded industrial and office products for automotive appliance, industrial and aerospace industries. The firm's 16-year-old Thailand facility employs more than 400, most of whom will stay with the company. SETi said.
Acushnet sells Thailand molder to SETi
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