Small, but mighty, rubber roller companies enjoyed a busy 2019 with investments in expansions and acquisitions.
Finzer Roller started things off in January when it reached a deal to acquire Carolina Rubber Rolls, a subsidiary of HBD/Thermoid Inc. The firm moved quickly, as Finzer CEO John Finzer said the deal was completed in just nine days. Thermoid said the business accounted for less than 2 percent of its rubber group's sales, but will provide Finzer greater access to customers in the textiles industry with its urethane, rubber and silicone covered rolls.
Vail Rubber Works Inc. is investing $8.3 million in a new manufacturing facility in St. Joseph, Minn., about five miles from its headquarters. The site will span 58,000 square feet, a little smaller than its current site, but will be equipped with more efficiencies and provide extra space for future growth. The project was forecast to be complete in March 2020.
Passaic Rubber Co., which celebrated its centennial this year, added new equipment to its 70,000-sq.-ft. site in Wayne, N.J. It also is looking to expand in the coming years. The firm purchased a new roll building line, increasing capacity by 30 percent, and converted its vulcanizer from steam to electric, giving it a greater level of temperature control.
Finally, American Roller Co. L.L.C. also brought on Robinson Capital Partners as its new investment group, investing an undisclosed amount into the firm to fuel its growth strategy.