Sur-Seal is streamlining with some shuffling as the company expands its reach into the Southeastern region of the U.S. and increases its value-add for new and existing customers.
With new CEO Dana Waterman at the helm, the custom sealing solutions company has kicked off its latest drive for expansion with the acquisition of Mueller Custom Cut, a Charlotte, N.C.-based gasket manufacturer, and is homing in on what it does best with the sale of some "key assets," the company said.
The Cincinnati-based company — founded in 1965 and owned by Heartwood Partners, a Connecticut-based private equity firm — serves the HVAC, lighting and medical markets with its sealing solutions in thermal management, sealing and containment and tubing with rubber and plastic products.
It has engineering service centers across the U.S., Mexico and China, and provides engineering and supply chain solutions to more than 200 OEMs.
With the acquisition of Mueller, both companies can expand their engineering capabilities, bringing "cutting edge" solutions to their customer bases, Sur-Seal said.