Seville, Ohio Manufacturer Expands Its Product Line Via Acquisition
SEVILLE, OH, March 21, 2017 /CNW/ - Blair Rubber & Hyload Inc., announced today that they have acquired the brand and assets of Smithville, Ohio based Elastikote LLC. The purchase of Elastikote's assets was finalized on March 10th, 2017.
While the companies are not direct competitors, they do operate within related areas of the roofing and waterproofing industries. Elastikote is a designer and supplier of solvent-based roofing and below grade waterproofing systems. Blair Rubber is a leading global supplier of rubberized tank linings, and Hyload Inc., manufactures thermoplastic membranes for the roofing industry, in addition to related waterproofing and wall flashing membrane products. Blair Rubber and Hyload are part of the IKO Group of companies, a world leader in the roofing and waterproofing industry.
"We are tremendously excited about the acquisition of the well-respected Elastikote brand," stated David Jentzsch, General Manager for Blair & Hyload. "Elastikote's products and knowledge base will allow us to expand our product offerings, providing an even greater range of options to our customers."
The Elastikote operations, along with its workforce will be retained as part of Blair/Hyload, and will be relocated 20-30 miles west to Blair Rubber's Seville Ohio manufacturing plant.
"Our ability to retain the knowledge and expertise of Elastikote's workforce will be a tremendous asset for us as we look to integrate their products and technology into our own operations," stated Jentzsch. "We're pleased to have them joining the Blair/Hyload family."
IKO is a world-wide leader in the roofing, waterproofing and insulation industry for residential and commercial markets. A vertically integrated company, IKO operates more than 25 manufacturing plants throughout North America and Europe. IKO is a family owned business established in 1951.
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For further information: Derek Fee, Manager - Corporate Communications, IKO Group of Companies, 602-1 Yorkdale Rd, Toronto ON M6A 3A1, 1-416-780-5898, Email: [email protected]