SAN CLEMENTE, Calif.—Over its tenure in the precision-molded silicone industry, IRP Medical Inc. has had a scout's eye for adding businesses that enhance operational knowledge, increase customers or offer a production technique that IRP previously did not possess.
It is not often, however, that a company is added as a foundational platform under the auspices of the IRP Group.
That changed Dec. 22, when San Clemente-based IRP Medical acquired KDL Precision Molding Corp., solidifying its portfolio for tight-threshold, liquid silicone and high consistency rubber molded products. KDL joins MikronPMP Aerospace and Abba Roller in the group, with the medical firm leading the way.
Terms of the acquisition were not disclosed.
"We look forward to welcoming KDL to the IRP Group of companies," said Rod Trujillo, founder and CEO of IRP Group. "Through our diligence, it became clear that the rubber products made by the engineering team at KDL fit the IRP Group's mission of critical-to-function parts."
Based just outside Los Angeles in Pacoima, Calif., KDL has three buildings that cover 19,600 square feet. The company will add 40 people to IRP's work force, which has been increasing by between 25 and 40 people per year throughout the last five years, according to IRP.
IRP will continue to do business as KDL Precision Molding, retaining the company's 30-year brand name.
KDL founder and President David Wyckoff and partner Ben Bensal decided nearly a year ago to transition into retirement, and began searching for a suitor that would help the company grow—and continue its legacy of service in the custom-molded silicone world.