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October 09, 2015 02:00 AM

Ace expands with purchase in Indiana

Mike McNulty
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    EVANSVILLE, Ind.—Ace Extrusion L.L.C. has expanded via an acquisition to significantly bolster its capabilities, technology, product portfolio and manufacturing base.

    The company has purchased the extrusion division and a production plant from Uniseal Inc. Machinery at the facility also was acquired, and 12 employees who worked at the complex have been retained, accor-ding to Ace Pres-ident Brandon Robards.

    He said the acquisition of the extrusion division expands the company's product offerings of cured dense and closed-cell sponge extrusions to include extruded sealants and adhesives for the automotive, construction, appliance, power supply, heavy truck and telecommunications industries.

    Ace's newest plant spans about 90,000 square feet and focuses on extruded sealant and adhesive products.

    Smooth transition

    Because both Ace and Uniseal are headquartered in Evansville, moving the facility into the Ace fold has been relatively seamless, Robards said, “thanks to the relationship we have with Uniseal, the efforts of our management team and the new Ace team members that joined with us following the acquisition.”

    Ace plans to transfer its headquarters from its 20,000-sq.-ft. facility in Evansville to the new site, he said. That will free needed space at its original building, which extrudes cured dense and closed-cell sponge goods.

    Gaining additional space will allow the firm to add more machinery and gives it room for future expansion, he said. “We really needed room to grow.”

    Ace's acquired facility also will house mixing and formulating operations, and a quality control department committed to ISO and TS standards, the company said.

    Uniseal is a large company, Robards noted, and it had a plant devoted to extrusion, which appealed to Ace, a company that was looking to expand further to handle the growing needs of its customers.

    Uniseal produces custom designed automotive products, including cellular foam, thermoplastics and structural reinforcements. It sold the extrusion business to focus on its core products.

    By acquiring the division, Robards said, “we can now custom formulate and custom mix. ... It expands our capabilities.” Most importantly, he noted, “we have a team that has the expertise to accommodate the move. We're nowhere near capacity so we have a lot of room for growth.”

    He said at its core, Ace specializes in extrusion. The acquisition expands the company's technology and the opportunity to diversify and add sealants and adhesives to its product mix. Those are important additions, he said, and they give the firm a much larger customer base.

    Young but experienced

    “We are a rubber manufacturing company, and our management team is composed of younger people.” At age 37, he is the senior member of the company, other than the CEO.

    However, while it has a relatively young crew, the staff is very experienced and has some key veterans with long tenures in the rubber industry in the mix, he said.

    Ace has come a long way since Tim Robards (Brandon's father) and Alan Beck founded the company in 2005. Both families still own the firm.

    Tim Robards started in the rubber industry with Uniseal in 1968. He currently is CEO of Ace. Alan Beck is no longer active in the day-to-day operation.

    Brandon Robards was the firm's first hire in 2005, and in 2008, as president of the business, he hired Jeff Beck, who now serves as general manager.

    “We are tremendously excited about the growth of Ace Extrusion, and we are extremely thankful for the partnerships that have been formed over the past 10 years to allow us to grow as a company, offer more to our customers/partners, and allow us to expand our team and operations in Evansville,” Brandon Robards said.

    Related Articles
    Ace buys extrusion operation, adds plant in Evansville
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