LINCOLN – Niantic Seal Inc., a wholly owned subsidiary of The INSCO Group, has acquired Northeast Rubber Products Inc., a leading distributor and fabricator of industrial rubber products, the companies said.
Financial terms were not disclosed.
Under the deal that closed July 1, Northeast Rubber will become a division of Niantic Seal. It will continue to operate in its existing facility in Framingham, Mass.
“We view our new strategic alignment with Niantic Seal as an exciting growth opportunity for both entities,” Mike Bacon, founder of Northeast Rubber, said in a statement.
“Going forward, we will now offer a broader array of industry-leading sealing products; die-cut parts and molded shapes; fabricated hose assemblies and other industrial rubber products along with additional value-enhancing services,” Bacon said. “This will allow our combined customer base – and new prospects, as well – to take full advantage of what a larger-scale, customer-centric and quality-focused organization can provide in a highly competitive marketplace.
“Overall, more products and services will equate to more convenience and additional value for our customers.”
The two companies – which have shared regional market presence in the high-performance and industrial rubber products market for many years – both are now business units in INSCO’s newly formed Performance Materials Group.
“We welcome the employees of Northeast Rubber Products to the Niantic Seal team,” INSCO President Skip Mauro said. “Our intent is to leverage the inherent strengths of both organizations for the immediate benefit of our valued customers, principal suppliers and other key stakeholders, as part of INSCO’s overall strategic growth plans.”
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Niantic Seal Inc., a subsidiary of The INSCO Group, is a leading distributor and manufacturer of industrial rubber products. Additional information is available at www.nianticseal.com.
Northeast Rubber Products Inc., a division of Niantic Seal, is based in Framingham, Mass. Additional information is available at www.northeastrubber.com.
