VANDALIA, Ohio—Datwyler Group will acquire Keystone Holding Inc. and its operating company, Columbia Engineered Rubber Inc., to expand the presence of its Sealing Solution Division in the U.S.
Columbia specializes in the engineering, manufacturing, sales and distribution of custom rubber components. The company has a strong base in the U.S. automotive parts sector.
It also has a long-standing relationship with Datwyler Sealing Solutions (Anhui) Co. Ltd., formerly Zhongding Sealtech, which was acquired by Datwyler in 2012 and is a major part of the sealing division. In fact, a Datwyler spokesman said, Columbia currently distributes sealing components from Datwyler's plant in China.
The transaction was expected to close at the end of October. Neither company disclosed financial details.
Mark and Bryan Bueltel, who together with their families own Vandalia-based Keystone Holdings and Columbia, will continue to manage and develop the Columbia business alongside the firm's current management team.
Its work force of about 70 along with the company's plant in Vandalia, located close to the Dayton International Airport, also will be retained, the Datwyler spokesman said. “The acquisition will not bring any change in the day-to-day work for the employees.”
By acquiring Columbia, Altdorf, Switzerland-headquartered Datwyler “is reinforcing its sales, distribution and engineering organization for the American automotive industry and other industrial markets,” he said. “We will be closer to the customers and can, for example, provide local prototyping or, if customers wish so, even local production.”