Universal Rubber buys Dybrook Products

Mike McNulty

Published: July 16, 2012 6:00 am ET

Related to this story

Topics Mergers & Acquisitions Pipe/Profile/Tubing
Companies & Associations

MIDDLEFIELD, OHIO (July 16, 11:45 a.m. ET) — Universal Rubber & Polymer Ltd. in Middlefield has acquired Dybrook Products Inc. to bolster its custom rubber product manufacturing operation and expand its customer base.

Universal Rubber is an operating company of private investment firm Cypress Cos. in Akron, Ohio.

The company made the purchase because both manufacturers have similarities and complement one another, creating a strong opportunity for future growth, according to Joe Colebank Jr., president and CEO of Universal Rubber.

The purchase could lead to an expansion next year at Universal Rubber’s facility in Middlefield, where Dybrook’s manufacturing operation eventually will be relocated, he said. Colebank added that the company also is interested in pursuing other potential acquisitions.

“We are taking a very aggressive strategy in growing Universal Rubber,” Colebank said. “This includes acquisitions, as well as internal growth.”

He said the Dybrook transaction has been completed. Financial details were not disclosed.

Dybrook is a Warren, Ohio-based custom molder and extruder of rubber and plastic products founded in 1989. It makes bumpers, gaskets, seals and other offerings using neoprene, nitrile, silicone and natural rubber for the automotive, industrial, commercial, energy and other markets.

Universal Rubber’s established strengths include rubber and plastic extrusion, rubber molding, secondary operations and overseas sourcing.

It produces a wide variety of goods — including gaskets, bumpers, seals, bushings and shock mounts—made from NR, silicone, nitrile, polyurethane, polyisoprene, butyl, neoprene and other elastomers.

Virtually all of Dybrook’s work force of about 42 employees will be offered positions within the combined company, Colebank said.

One former owner, Alan Endicott, will remain with the merged company for the time being while the other, Diane Bumstead, will retire.

Formed in 1970, Universal Rubber currently employs about 55 at its Middlefield facility.

Plans call for Dybrook personnel to continue operating out of its present 60,000-square-foot plant in Warren to ensure a seamless transition for customers.

In the future, he said, the work force and machinery at Dybrook’s plant will be consolidated into Universal Rubber’s more-than 100,000-square-foot Middlefield facility.

The facilities in Middlefield and Warren each feature a variety of rubber and plastic molding, extrusion and secondary service machines.

Colebank said another advantage of the acquisition will be that Universal Rubber will produce more of its products in the United States.

“We really believe in ‘Made in America,’ and we do some business in China,” he said. “Now we’ll bring some of that business back to our plants here.”


Comments

Universal Rubber buys Dybrook Products

Mike McNulty

Published: July 16, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Reifenhäuser acquires German spinneret company Enka Tecnica

April 17, 2015 9:31 am ET

Germany-based Reifenhäuser GmbH & Co. KG, a major manufacturer of extrusion equipment, has announced that it is acquiring Enka Tecnica GmbH, a German ...    More

Image

Spain's Grupo Antolin to buy Magna's interiors business

April 16, 2015 12:33 pm ET

Spain's Grupo Antolin has reached an agreement to purchase Canadian auto supply giant Magna International Inc.'s interiors unit in a deal valued at...    More

Image

Madison buys Ferry Industries

April 16, 2015 5:22 pm ET

Ferry Industries, the largest manufacturer of rotational molding machinery, was purchased by Madison Industries, a Chicago holding company that is...    More

Image

Caplugs gets new private equity owner

April 16, 2015 11:17 am ET

Caplugs, a major producer of caps, plugs, tubing, netting and other protective goods for industry, has a new owner.    More

Image

A. Schulman, Citadel discuss the $800 million deal

April 15, 2015 1:45 pm ET

The $800 million match of materials maker A. Schulman Inc. and Citadel Plastics felt good from the start. “Everything in our first meetings show...    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events