COPLEY, OHIO – Preferred Compounding has acquired Wadsworth, Ohio -based Kleen Polymers, a custom rubber compounder specializing in non-black elastomeric compounds. The acquisition of Kleen expands Preferred’s mixing capability in ultra-clean color, high-performance compounds. Terms were not announced for the deal, which is effective September 25, 2017.
Kleen has significant expertise in color compounding of high-performance elastomers. The Kleen compounding business will be integrated into Preferred’s North American operations and the plant will operate as Preferred Compounding – Kleen Polymers. Rick Marefka, principal at Kleen Polymers, will remain with the company and join the Preferred management team.
“Kleen is a high-value-added company that shares our commitment to consistent quality, technical excellence and high levels of customer service,” said Ken Bloom, Preferred president and CEO. “This acquisition is a perfect fit for us to expand our product capabilities and our ability to comprehensively serve our customers. We are excited to have Rick join our organization and look forward to working together to bring our customers a broader offering of high-quality color compounds.”
Preferred is the second largest custom rubber compounder in North America with mixing operations in Ohio, Georgia, Tennessee, Mexico and Wisconsin. Other recent growth initiatives include signing a lease for a second building in San Luis Potosi, Mexico, and bringing online a second Farrel F-270 at its Tennessee operation in February, doubling capacity at that plant.
Preferred and Kleen supply proprietary and custom mixed rubber compounds and components for automotive, industrial, oil and gas and other markets.
EdgePoint Capital Advisors advised Kleen Polymers on the transaction.
About Preferred Compounding
Preferred Compounding supplies proprietary and custom mixed rubber compounds to customers including molders, extruders, mixers and others in the rubber goods market. Primary industries served are automotive, construction, power generation and roll goods. The company is owned by members of its management team and Audax Private Equity.
Jerry Pignolet, Power Marketing/PR: 440-527-0446, firstname.lastname@example.org
Marc Pignataro, Vice President, Sales and Business Development, Preferred Compounding: 330-798-4960