CRANSTON – Mearthane Products Corp. has acquired Creative Urethanes Inc., a plastics fabrications company based in Winchester, Va., the company announced Thursday.
Mearthane said that the acquired company’s manufacturing processes and product lines are complementary to Mearthane’s practices and products and will allow MPC to expand into new markets.
“Creative’s RIM and cast urethane businesses expand the breadth of capabilities we can offer our current customers and will help us grow in new markets,” said Pete Kaczmarek, president of MPC. “Moreover, this combination strengthens our position in the recreational and industrial wheel markets and opens new opportunities for Creative’s Durastatic abrasion resistant piping system.”
Creative Urethane will continue to operate out of Virginia. The company’s previous owners Richard and Thomas Heitfield have retired following the acquisition. The company was said to grow MPC’s ranks by 20 employees.
Creative Urethane is now operating as a division of Mearthane Products Corp.
“We are excited to be a part of the MPC family and are looking forward to the accelerated growth that this combination creates,” said John Tiedemann, manufacturing operations manager at Creative Urethanes.
The company also noted that in the last 15 months, the company has also acquired Elmco Tool Inc. and Rhode Island Water Jet LLC. A spokesman for the company said that the acquisitions have grown the company’s staff by 25, including the 20 employees from Creative Urethane, and that the company also added five workers organically at MPC during that time. Mearthane now employees an estimated 100 workers.
Financial details of the transactions were not disclosed.
Chris Bergenheim is the PBN web editor. Email him at Bergenheim@PBN.com.