ERJ staff report (DS)
Cleveland, Ohio -- Blue Point Capital Partners said it has sold its interest in Quality Synthetic Rubber, Inc. (QSR) to Lexington Precision Corporation, a portfolio company of Industrial Growth Partners. Sale terms were not disclosed.
QSR, headquartered in Twinsburg, Ohio, has operations in North America and China and makes moulded silicone components serving the medical, automotive, heavy transportation and industrial markets.
The Company's primary product line includes precision silicone seals that are integrated into automotive and industrial electrical connector assemblies and high precision silicone medical components such as vessel loops, IV components, catheters, and surgical and sterilisation modules. Blue Point said QSR's operation in Dongguan, China, has evolved from a startup operation in 2007 to a leading supplier of its core products in Asia.
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Press release from Blue Point