Philpott Rubber Co. is reorganizing its corporate structure, including a new name, to better match market demand and keep its brand identification consistent with the markets it serves.
The firm, which oversees four businesses, is changing its corporate name to Philpott Solutions Group Inc. because, it said, corporate and subsidiary name recognition are important to increase awareness in specific market segments, provide appeal to new market sectors, and broaden its customer and geographic reach.
The Brunswick, Ohio-based company also changed its corporate logos and website.
Its operating subsidiaries are:
• Philpott Rubber Co., which provides molded and fabricated parts to the industrial market sector, including steel storage and handling, air operated pumps, plumbing, power generation, and alternative energy.
• Philpott Industrial Plastics Enterprises, a manufacturer of a wide range of injection molded thermoplastics and polyurethane products.
• Philpott Industrial Leasing, which provides financing through leasing of Philpott coil storage products.
• Philpott Energy & Transportation Co., a producer of green, polymeric fluids to enhance drilling, hydraulic fracturing and completions of wells drilled in the shale gas fields.
“Our new corporate structure allows us to more efficiently deliver our products and services to our valued customers while better reflecting our overall capabilities in the marketplace as we continue to rapidly grow,” according to CEO Mike Baach.