Skip to main content
Sister Publication Links
  • European Rubber Journal
  • Plastics News
  • Tire Business
Subscribe
  • Login
  • Register
  • Subscribe
  • News
    • Automotive
    • Tire
    • Non-Tire
    • Suppliers
    • ITEC
    • Silicone
    • Online Exclusive
    • Latex
    • Technical Notebooks
    • Executive Action
    • Government/Legal
    • Opinion
    • Rubber Division IEC
    • Blogs
    • Sustainability
    • Products
    • Wacky World of Rubber
  • War in Ukraine
  • Custom
    • Sponsored Content
    • White Papers
  • Resources
    • Directory
    • Classifieds & Mold Mart
  • Data
  • Events
    • RN Events
    • RN Livestreams/Webinars
    • Industry Events
    • Past Events
    • Rubber News M&A Live
    • 2022 Hose & Belt Manufacturers Conference
    • 2022 International Silicone Conference
    • 2022 International Tire Exhibition & Conference (ITEC)
    • 2022 Women Breaking the Mold
  • Advertise
  • DIGITAL EDITION
MENU
Breadcrumb
  1. Home
  2. News
August 23, 2017 02:00 AM

Flow Dry buys Ohio's Elliott Manufacturing

Steve Toloken
Plastics News
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print
    Rahul Deshmukh

    BROOKVILLE, Ohio—Flow Dry Technology, a Brookville-based maker of adsorbent products, has acquired a small injection molding company that was a key supplier, in a bid to expand its offerings in thermal systems in automotive and other markets.

    Flow Dry said the purchase of Elliott Manufacturing Co., also in Brookville, is its first acquisition of plastics molding capability.

    It announced the deal Aug. 2 and noted that EMC has been a supplier of Flow Dry since 1986.

    "This is a very strategic acquisition for us," President and CEO Rahul Deshmukh said. "Their injection molding capability and expertise perfectly complement our vertical integration growth strategy."

    Flow Dry's products, which absorb moisture in air conditioning systems, are used in 8 of 10 cars in the U.S. and Europe, and it's in the supply chain of all the major global car makers, he said. Deshmukh sees the acquisition as a path to provide more complete assembly solutions to its Tier 1 automotive customers and others, and grow in a niche where it already has a large global market share.

    "Instead of giving them just a component, we can give them a full assembly," Deshmukh said. "Now we can expand beyond the desiccant and filter and the plug to other plastic components in the thermal systems."

    Flow Dry has more than 200 employees globally, and has factories in Zhangjiagang, China, near Shanghai, and in Hungary. More than 50 percent of Flow Dry's sales come from outside North America, he said.

    Deshmukh declined to reveal terms of the purchase but said all EMC employees except the Elliott family, who started the company in 1973, will remain. Milton Elliott will stay on for a year during the transition, he said.

    Flow Dry did not reveal details of EMC, but it's a small operation: its website listed seven injection molding machines, ranging from 33 tons to 275 tons, and customers in automotive, aerospace, medical and consumer products.

    Deshmukh said a "big piece" of EMC's sales went to Flow Dry.

    Flow Dry is adding people to the EMC operation and wants to grow that business, he said. It's also looking at other acquisitions, Deshmukh said.

    "The car makers are pushing more and more demands on their Tier 1s, who are our customers," he said. "The goal is to use this as a nucleus to grow the business."

    Letter
    to the
    Editor

    Rubber News wants to hear from its readers. If you want to express your opinion on a story or issue, email your letter to Editor Bruce Meyer at [email protected].

    Most Popular
    1
    Continental to build $40 million hose plant in Mexico
    2
    Economists warn of extended inflation, incoming recession
    3
    Curtis Brison leaving Hankook, interim president named
    4
    Michelin to end tire production in Russia, transfer operations
    5
    Michelin growth strategy looks at tires and beyond
    SIGN UP FOR NEWSLETTERS
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    Get our newsletters

    Staying current is easy with Rubber News delivered straight to your inbox, free of charge.

    Subscribe Today

    Subscribe to Rubber News to get the best coverage and leading insights in the industry.

    SUBSCRIBE
    Connect with Us
    • LinkedIn
    • Facebook
    • Twitter

    MISSION

    To serve companies in the global rubber product industry by delivering news, industry insights, opinions and technical information.

    Contact Us

    2291 Riverfront Pkwy, Suite 1000
    Cuyahoga Falls,
    OH 44221

    Customer Service:
    877-320-1726

    Resources
    • About Us
    • Digital Edition
    • Staff
    • Advertise
    • Order Reprints
    • Privacy Policy
    • Privacy Request
    • Terms of Service
    • Careers
    • Ad Choices Ad Choices
    • Sitemap
    Partner Sites
    • Tire Business
    • European Rubber Journal
    • Plastics News
    • Plastics News China
    • Urethanes Technology
    • Automotive News
    • Crain Brands
    Copyright © 1996-2022. Crain Communications, Inc. All Rights Reserved.
    • News
      • Automotive
      • Tire
      • Non-Tire
      • Suppliers
      • ITEC
      • Silicone
      • Online Exclusive
      • Latex
      • Technical Notebooks
      • Executive Action
      • Government/Legal
      • Opinion
      • Rubber Division IEC
      • Blogs
        • Products
        • Wacky World of Rubber
      • Sustainability
    • War in Ukraine
    • Custom
      • Sponsored Content
      • White Papers
    • Resources
      • Directory
      • Classifieds & Mold Mart
    • Data
    • Events
      • RN Events
        • 2022 Hose & Belt Manufacturers Conference
        • 2022 International Silicone Conference
        • 2022 International Tire Exhibition & Conference (ITEC)
        • 2022 Women Breaking the Mold
      • RN Livestreams/Webinars
      • Industry Events
      • Past Events
      • Rubber News M&A Live
    • Advertise
    • DIGITAL EDITION