MINNEAPOLIS—Quadion LLC, doing business as Minnesota Rubber and Plastics (MRP), has acquired Pawling Engineered Products, a Pawling, New York-based provider of custom elastomer inflatable seals and extruded products, MRP said in a release.
Minnesota Rubber and Plastics is a prominent provider of highly engineered elastomer and thermoplastic components and assemblies for the medical device, water, and industrial end markets. Pawling’s product portfolio includes a wide range of highly engineered elastomer products, including inflatable seals and clamps, custom compression seals, gaskets, tubing, extrusions, and other elastomeric fabrications designed for critical and demanding applications.
“We’re thrilled to add Pawling, a company with a 75-year history of supplying unique, highly specialized elastomer solutions for mission-critical applications, to our family, and believe their dedication to superior in-house product design and custom materials formulation is highly complementary to MRP’s capabilities,” said Jay Ward, CEO of Minnesota Rubber and Plastics, in the release. “Innovation is at the heart of what we do, and this acquisition comes at an important time in our company’s history, as we’re set to expand and invest in technologies that drive highly differentiated value for our customers.”
The addition of Pawling’s capabilities will complement MRP’s existing offerings. Over the course of its 76-year history, MRP has built a reputation for designing, developing, manufacturing, and assembling products for harsh environments, tight tolerances, and technically demanding applications, the company said in the release. These applications include multi-material components and custom material formulations.
“The Pawling team is extremely excited about this opportunity,” said Craig Busby, president of Pawling, in the release. “The potential synergies between the two companies are endless, and will allow us to become a better partner for all our stakeholders. We are ready to take this next step.”
Ward said in the release that the cultures of MRP and Pawling “align perfectly, recognizing employee engagement and market-driven innovation as the cornerstones of success.”
“We’re not just acquiring great products and intellectual property; we’re adding a great team. We plan to extend ownership participation to all the new colleagues we welcome with Pawling,” he said.