TORONTO (Feb. 28) — National Rubber Technologies Inc. has opened for business in Toronto, selling the products and featuring the leadership and facilities of the old NRI Inc.
Majority-owned by New York-based private equity firm Kinderhook Industries, National Rubber Technologies specializes in Synar-brand reinforced rubber rolls and sheets, friction mats, QuietDown acoustic control floor underlay, LoadGrip friction mats and various anti-slip and anti-fatigue mats.
It also makes rubber die-cut and injection molded goods for Ford Motor Co. and other automotive customers, according to company publicity. The company recycles more than 1 million tires annually, making it Canada's biggest tire recycler.
Al Power, CEO of National Rubber Technologies, is the former president of NRI, which began restructuring in September 2006 but later started closing plants when it couldn't find an appropriate buyer.